Kuala lumpur: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher today, supported by gains in palm olein and soybean oil on China's Dalian Commodity Exchange (DCE).

According to BERNAMA News Agency, Fastmarkets Palm Oil Analytics senior analyst Dr. Sathia Varqa noted that the market opened sharply higher, with the most-active September contract reaching a three-month high, as stronger edible oil prices on the DCE boosted buying interest. Despite a decline in exports in the first half of July, traders remain optimistic about increased purchases from India ahead of the Deepavali festive season in October.

Palm oil trader David Ng also attributed the day's gains to strength in external markets. "CPO ended higher on stronger soybean oil and crude oil prices, which continue to influence sentiment across the broader vegetable oil complex," he said. Ng mentioned that prices are supported well above RM4,150 per tonne with resistance at RM4,280.

At the close, the spot-month July contract rose RM39 to RM4,109 per tonne, the August 2025 contract added RM39 to RM4,183 per tonne, and the September 2025 contract gained RM56 to RM4,230 per tonne. October 2025 climbed RM64 to RM4,241 per tonne, November 2025 advanced RM62 to RM4,236 per tonne, and December 2025 increased RM56 to RM4,231 per tonne.

Trading volume went down to 79,930 lots from 87,673 lots on Friday, while open interest decreased to 230,086 contracts from 231,427 contracts previously. The physical CPO price for July South increased by RM30 to RM4,190 per tonne.