Kuala lumpur:<Text>

Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher on stronger soybean oil prices on the Chicago Board of Trade (CBOT), said a trader. Kuala Lumpur-based proprietary trader David Ng of Iceberg X Sdn Bhd noted that market sentiment is also supported by expectations of stronger export demand in the coming weeks.

According to BERNAMA News Agency, export demand is anticipated to strengthen, driven by seasonal buying from China ahead of the Lunar New Year next month. Ng highlighted, "We see support above RM3,950 per tonne and resistance at RM4,100."

At the close of trading, the January 2026 contract fell RM4 to RM3,950 per tonne. In contrast, the February 2026 contract rose RM15 to RM3,995 per tonne, and the March 2026 contract increased RM23 to RM4,014 per tonne. The April 2026 contract gained RM29 to RM4,028 per tonne, while the May 2026 and June 2026 contracts improved RM35 to RM4,032 per tonne and RM34 to RM4,028 per to nne, respectively.

The trading volume saw a notable increase, strengthening to 40,027 lots compared to 30,105 lots on the previous Friday. Open interest edged up slightly to 259,729 contracts from 259,181 contracts previously. Meanwhile, the physical CPO price for January South remained unchanged at RM4,000 per tonne.