Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Monday, trading on the back of strong support from crude oil price movements. Fastmarkets Palm Oil Analytics managing editor and senior analyst Dr. Sathia Varqa said palm futures tracked the spike in crude oil prices to trade sharply higher. According to BERNAMA News Agency, CPO futures surged by more than RM100, with the two nearest-month contracts both closing with gains above that level. Interband Group of Companies senior palm oil trader Jim Teh noted that prices were strong at the start of Monday's trading session, with the market closing at around US$4,500. He added that the price movement aligned with energy prices driven by speculative activity. Teh highlighted that it is still too early to conclude the relatively high stock level of about 2.3 million tonnes. Despite this, he emphasized that at the current price, it remains one of the most profitable periods for Malaysia's agriculture sector. At the close, th e new spot month June 2026 rose RM101 to RM4,491 per tonne, the July 2026 contract increased RM102 to RM4,522 per tonne, and the August 2026 contract edged up RM97 to RM4,534 per tonne. The September 2026 contract gained RM93 to RM4,542 per tonne, the October 2026 contract added RM84 to RM4,549 per tonne, and the November 2026 contract went up RM80 to RM4,561 per tonne. Trading volume eased to 87,585 lots from 98,554 lots on Friday, while open interest inched down to 283,019 contracts from 285,554 contracts previously. The physical CPO price for May South was RM90 higher at RM4,530 per tonne.