Kuala lumpur: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower today, weighed down by concerns over weak demand and rising output of the commodity in the coming weeks.

According to BERNAMA News Agency, palm oil trader David Ng stated that the commodity’s prices are expected to remain well supported at RM4,250 a tonne, with resistance at RM4,400. CGS International Securities Malaysia Sdn Bhd noted that market sentiment was affected by slower exports from major producer Malaysia and concerns over weaker consumption during the winter months in the northern hemisphere.

Shipments to India slumped 35 percent from a month earlier during the first 25 days of this month, based on data compiled by cargo surveyor Intertek Testing Services. The onset of the winter season could also reduce demand from China. At the close, the spot-month November 2025 contract lost RM51 to RM4,284 a tonne, while the December 2025 contract eased RM54 to RM4,300, and the January 2026 note fell RM56 to RM4,317.

The February 2026 note dropped RM58 to RM4,330 a tonne, while March 2026 was down RM55 to RM4,331, and April 2026 lost RM56 to RM4,321. The total volume rose to 106,224 from 69,120 lots on Monday, while open interest increased to 270,174 contracts from 268,476 contracts previously. On the physical market, November South lost RM30 to RM4,340 a tonne.