Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Monday, impacted by profit taking following last week's strong rally, an analyst said. Sunvin Group head of commodity research, Anilkumar Bagani, noted that despite the downturn in futures, palm oil prices remained relatively stable in US dollar terms due to the strengthening ringgit.

According to BERNAMA News Agency, Indonesian CPO prices held firm, squeezing processing margins and potentially limiting refined palm oil exports from August onwards. Slower production in both Malaysia and Indonesia has supported palm oil prices, even though only India and Pakistan have been active buyers over the past two months, Bagani explained.

Meanwhile, palm oil trader David Ng pointed out that prices were pressured by weaker soybean oil prices and subdued export performance. He identified support at RM4,200 per tonne and resistance at RM4,350.

At the close, the spot-month August contract fell RM88 to RM4,174 per tonne, the September 2025 contract dropped RM93 to RM4,216, and the October 2025 contract eased RM90 to RM4,225. The November 2025 contract declined RM76 to RM4,229, December 2025 shed RM63 to RM4,227, and January 2026 slipped RM51 to RM4,224 per tonne.

Trading volume fell to 75,830 lots from 136,709 on Friday, while open interest eased to 235,195 contracts from 237,735 previously. The physical CPO price for July South dropped RM90 to RM4,200 per tonne.