KLCE CPO (Crude Palm Oil) trades firm – what could be the impact on India?
18-Aug-2025 05:23 PM
KLCE CPO (Crude Palm Oil) trades firm – what could be the impact on India?
★ Today, KLCE CPO futures traded with strength across contracts:
September contract closed 48 points higher at 4,473. It opened at 4,473, touched a high of 4,489 and a low of 4,452, with a trading volume of 1,017 lots.
★ October delivery gained 51 points to settle at 4,523. It opened at 4,515, hit a high of 4,540 and a low of 4,494, with the highest volume among near-term contracts at 10,489 lots.
★ November contract moved up 49 points to close at 4,560. It opened at 4,559, reached a high of 4,582 and a low of 4,529, with the largest volume of 26,246 lots, indicating strong investor interest.
★ December futures ended 45 points higher at 4,573. It opened at 4,560, recorded a high of 4,596 and a low of 4,545, with 10,423 lots traded.
★ Once again, palm oil markets are firm, supported by strong biofuel demand in Indonesia, steady global production, and consistently rising consumption.
★ Palm oil is likely to remain stronger than soyoil in the coming months. With India being one of the largest importers of palm oil, the firmness in global palm oil prices could keep edible oil prices strong in the Indian market as well.
★ The overall edible oil complex is expected to stay firm, with palm oil leading the trend, potentially pushing up consumer prices in India during the festive season demand.