Kuala lumpur: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower today, weighed by Malaysian palm oil's weaker export performance in July.

According to BERNAMA News Agency, Sunvin Group head of commodity research Anilkumar Bagani stated that Malaysian palm oil exports for the July 1-25 period were estimated at 1,029,585 tonnes by Intertek Testing Services, reflecting a 9.23 per cent decrease from the June 1-25 estimate. AmSpec Agri Malaysia reported exports at 896,484 tonnes, marking a 15.22 per cent decline over the same period.

Palm oil trader David Ng mentioned that the CPO market closed lower on Monday due to concerns over expected rising output and weaker demand in the upcoming weeks. He noted that market sentiment was also adversely affected by a drop in soybean oil prices on the Chicago Board of Trade (CBOT). Ng highlighted the market's support at RM4,200 and resistance at RM4,350.

At the market close, the spot-month August 2025 contract slipped by RM71 to RM4,150 per tonne. Meanwhile, the September 2025 contract shed RM35 to RM4,223, and the October 2025 contract declined RM31 to RM4,242. The November 2025 contract fell RM30 to RM4,253 per tonne, with December 2025 decreasing RM30 to RM4,260, and January 2026 easing RM27 to RM4,263 per tonne.

Trading volume receded to 48,430 lots from 82,818 lots on Friday, while open interest reduced to 226,093 contracts from 229,303 previously. The physical CPO price for July South dropped RM30 to RM4,200 per tonne.