Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Monday, influenced by profit-taking activities and weaker crude oil prices.

According to BERNAMA News Agency, Brent crude oil experienced a decline of 1.93 per cent, settling at US$93.03 per barrel. Fastmarkets Palm Oil Analytics senior analyst Dr. Sathia Varqa highlighted that CPO futures witnessed a downturn throughout the trading session as traders aimed to secure profits, retreating from the 20-month high prices observed in the previous week. He mentioned that traders adopted a cautious approach in anticipation of the upcoming production and export estimates expected this week.

Dr. Varqa further noted that the decline in vegetable oil prices contributed to the pressure on palm futures, with both palm olein and soybean oil prices on the Dalian Commodity Exchange closing predominantly lower. At the market's close, the September 2026 contract saw a decrease of RM71 to RM4,720 per tonne, while the October 2026 and November 2026 contracts declined by RM75 and RM72, settling at RM4,859 and RM4,946 per tonne respectively.

The December 2026 contract experienced a reduction of RM64, ending at RM5,013 per tonne, the January 2027 contract slid RM54 to RM5,064 per tonne, and the February 2027 contract decreased by RM42 to RM5,099 per tonne. Additionally, trading volume significantly dropped to 79,190 lots from the previous 121,114 lots, yet open interest exhibited a slight increase to 343,401 contracts from 342,115 contracts earlier.

In the physical market, the CPO price for September South fell by RM60, closing at RM4,710 per tonne.