Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Monday, weighed by weaker crude oil and soybean oil markets. Iceberg X Sdn Bhd proprietary trader David Ng reported that CPO prices were pressured due to weakness in these markets amid optimism over a potential peace deal in the West Asia conflict.

According to BERNAMA News Agency, Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa noted that CPO futures traded lower throughout the day as support from the crude oil market dissipated. He attributed the sharp pullback in crude oil prices as a significant factor in the decline of palm oil futures.

At the close of trading, the August 2026 contract slipped RM40 to RM4,551 per tonne, September 2026 fell RM47 to RM4,630 per tonne, and October 2026 declined RM49 to RM4,673 per tonne. Additionally, November 2026 dropped RM48 to RM4,705 per tonne, December 2026 eased RM47 to RM4,732 per tonne, and January 2027 shed RM43 to RM4,757 per tonne.

Trading volume saw a decrease to 62,982 lots from 118,819 lots on Friday, while open interest increased slightly to 306,703 contracts from 306,540 contracts previously. The physical CPO price for August South also decreased RM50 to RM4,560 per tonne.