Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower for a second consecutive day on Tuesday, influenced by declining crude oil prices.

According to BERNAMA News Agency, Fastmarkets Palm Oil Analytics senior analyst Dr. Sathia Varqa noted that the broader vegetable oils market also contributed to the downward movement in palm oil futures. The analyst pointed out that, despite the influence of weaker crude oil prices and other vegetable oils, traders are refocusing on the fundamentals of the palm oil market. This shift in focus occurs as there are expectations of increased production in the near term and signs of improving exports.

The trading session saw the August 2026 contract fall by RM11 to RM4,540 per tonne, while the September 2026 contract dropped RM25 to RM4,605 per tonne. The October 2026 contract experienced a decline of RM31 to RM4,642 per tonne. Additionally, November 2026 fell by RM30 to RM4,675 per tonne, December 2026 eased RM27 to RM4,705 per tonne, and January 2027 decreased by RM23 to RM4,734 per tonne.

There was a noticeable increase in trading volume, rising to 91,139 lots from 62,982 lots on Monday. However, open interest saw a slight decrease, with 305,445 contracts, down from 306,703 contracts previously. The physical CPO price for August South decreased by RM30 to RM4,530 per tonne.