Kuala lumpur: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives (BMD) extended gains on Monday, closing higher on firm export demand and slower production growth. Palm oil trader, David Ng, noted that stronger soybean oil prices also lent support to the market. Ng stated, "We see prices supported above RM4,480 with resistance at RM4,580."

According to BERNAMA News Agency, at the close, the spot-month September 2025 and October 2025 contracts saw an increase of RM51 each, reaching RM4,476 and RM4,523 per tonne, respectively. The November 2025 contract rose by RM48 to RM4,559 per tonne. Additionally, the December 2025 and January 2026 contracts experienced a gain of RM44 each, reaching RM4,572 and RM4,570 per tonne, respectively, while the February 2026 contract added RM41 to close at RM4,547 per tonne.

Turnover for the day eased to 70,059 lots from last Friday's 81,890 lots, indicating a slight decrease in trading activity. Open interest in the contracts also slipped to 249,400 from 249,718 contracts. Meanwhile, the physical CPO price for August South rose by RM70 to settle at RM4,470 per tonne.