Kuala Lumpur:Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower today, influenced by weak performances in regional vegetable oil markets, including the Dalian Commodity Exchange.

According to BERNAMA News Agency, David Ng, a proprietary trader at Iceberg X Sdn Bhd, stated that the weaker performance in competing vegetable oils negatively affected sentiment in the local palm oil market. Additionally, concerns over rising domestic inventory added pressure on prices.

The increase in stocks was attributed to improving production, which raised expectations of higher supplies in the market. This prospect of increased supply kept buying interest cautious, providing limited support for CPO prices during the trading session.

Ng mentioned that prices are expected to find support at RM4,550 per tonne and face resistance at RM4,700 per tonne. At the close, the October 2026 contract decreased by RM33 to RM4,433 per tonne, while the November 2026 contract dropped RM33 to RM4,523 per tonne, and the December 2026 contract fell RM40 to RM4,624 per tonne. The January 2027 contract fell RM43 to RM4,731 per tonne, February 2027 declined RM46 to RM4,830 per tonne, and March 2027 decreased RM42 to RM4,926 per tonne.

Trading volume increased to 114,553 lots from 92,860 on Monday, and open interest rose to 339,820 contracts from 338,007 previously. The physical CPO price for October South stood at RM4,500 per tonne.