Kuala Lumpur: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed higher today, ahead of key data from the Malaysian Palm Oil Board (MPOB) due on Tuesday.

According to BERNAMA News Agency, Fastmarkets Palm Oil Analytics senior analyst, Dr. Sathia Varqa, indicated that traders are maintaining a cautious stance ahead of the MPOB report, which is expected to reveal figures for May’s palm oil production, exports, and inventories. Dr. Varqa noted that while exports are projected to increase at a faster pace than production, overall stocks might still see an increase due to higher starting inventories. He further mentioned that Malaysia’s exports for the period of June 1-10 are estimated to have surged by 25-30 percent compared to the same timeframe in May.

In addition, palm oil trader David Ng pointed out that CPO prices are also benefiting from gains in soybean oil on the Chicago Board of Trade exchange. He highlighted the support level at RM3,800 per tonne, with resistance at RM4,000 per tonne.

At the close of trading, the spot-month June 2025 contract saw an increase of RM9, reaching RM3,920 per tonne. The July 2025 contract rose by RM2 to RM3,932 per tonne, while the August 2025 contract gained RM8 to settle at RM3,925 per tonne. The September 2025 contract climbed RM8 to RM3,914 per tonne, October 2025 added RM9 to RM3,908 per tonne, and November 2025 edged up RM5 to RM3,904 per tonne.

The trading volume decreased to 47,097 lots from 62,878 lots on Friday, with open interest declining to 225,140 contracts from 241,688 previously. The physical CPO price for June South remained steady at RM3,960 per tonne.