Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Monday, supported by firmer crude oil and soybean oil prices, a trader said.

According to BERNAMA News Agency, Iceberg X Sdn Bhd proprietary trader David Ng noted that expectations of weaker output in the coming weeks also continued to support market sentiment. He highlighted that prices are currently supported above RM4,500 per tonne with resistance at RM4,680 per tonne.

Fastmarkets Palm Oil Analytics senior analyst Dr. Sathia Varqa added that a weaker ringgit has made Malaysian palm oil more attractive to foreign buyers, which helped support prices. However, he pointed out that losses in competing vegetable oils capped the upside.

At the close of trading, the June 2026 and July 2026 contracts increased by RM13 to RM4,505 and RM4,539 per tonne, respectively. The August 2026 contract gained RM21 to RM4,575 per tonne, the September 2026 contract advanced RM23 to RM4,607 per tonne, the October 2026 contract climbed RM22 to RM4,638 per tonne, and the November 2026 contract increased by RM24 to RM4,671 per tonne.

Trading volume decreased to 51,506 lots from 98,296 lots on Friday, while open interest weakened to 290,490 contracts from 293,957 contracts previously. Meanwhile, the physical CPO price for June South remained unchanged at RM4,520 per tonne.