PALMOILMAGAZINE, KUALA LUMPUR – Crude palm oil (CPO) futures are expected to remain volatile next week, with prices likely to trade cautiously within a narrow range due to mixed market signals and persistent global uncertainty.
Jim Teh, Senior Trader at Interband Group of Companies, forecasted CPO prices to move between RM3,800 and RM4,000 per metric ton.
“So far, news on tariffs hasn’t had a significant impact on CPO. Prices have remained relatively resilient compared to equity markets,” Teh said, as quoted by Palmoilmagazine.com via Bernama on Sunday, April 13, 2025.
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Regarding inventory levels, Teh noted that the market has already responded to the Malaysian Palm Oil Board (MPOB)’s March report, which showed that CPO stockpiles rose to approximately 1.562 million metric tons. He also mentioned Indonesia’s ample reserves as a contributing factor to supply-side stability.
On the demand side, physical purchases remain steady, especially from key markets like China, India, Pakistan, the Middle East, and the European Union.
Meanwhile, palm oil trader David Ng suggested that prices may trend slightly lower next week, likely within the range of RM4,050 to RM4,250 per ton, citing ongoing uncertainty in U.S.–China trade relations as a key market risk. (P2)
