Kuala lumpur: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives concluded the trading session lower on Thursday as it was impacted by a decline in crude oil prices.

According to BERNAMA News Agency, the drop in crude oil prices typically influences CPO prices since biodiesel, which is made from a blend of crude oil and palm oil, experiences reduced demand. This effect was evident in the futures market as the spot month July 2026 contract decreased by RM40, settling at RM4,445 per tonne. Similarly, the August 2026 note decreased by RM50 to RM4,478, while the September 2026 contract fell by RM51 to RM4,506.

The October 2026 note recorded a reduction of RM49, closing at RM4,532 per tonne. November 2026 saw a decrease of RM45, ending at RM4,560, and December 2026 dropped by RM46 to RM4,586. The trading volume for the day declined to 60,311 lots compared to 63,855 on the preceding day, though open interest rose to 288,316 contracts from the previous 288,117.

In the physical market, the CPO price for July South also saw a decrease by RM40, bringing it to RM4,480 per tonne.