KLCE CPO Market Update
08-Sep-2025 01:45 PM
KLCE CPO Market Update
★ A sharp rise was witnessed today in the palm oil futures market (KLCE).
★ Morning opening: September contract at 4,380 ringgit (+18), October at 4,423 ringgit (+11), November at 4,459 ringgit (+11), and December at 4,488 ringgit (+13).
★ Mid-day closing: The market slipped, with September at 4,370 (-1), October at 4,401 (-11), and November at 4,444 (-4).
★ Second session: Prices rebounded, and by 1:26 PM, the market regained momentum with September at 4,395 (+24), October at 4,439 (+27), November at 4,479 (+31), and December at 4,510 (+35).
★ Analysts note that after last week’s weak trend, the market is now recovering by breaking resistance levels. Festive demand from India and rising purchases from China are also supporting prices.
★ If this uptrend continues until Wednesday, it is likely to reflect in the Indian market as well. Fresh festive demand may further strengthen edible oil prices.