Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended mostly lower on Thursday, influenced by weaker energy and soybean oil prices, according to a trader.

According to BERNAMA News Agency, David Ng, a proprietary trader at Iceberg X Sdn Bhd, highlighted that expectations of increasing output and higher stock levels in Malaysia further contributed to the negative sentiment in the market. Ng noted that despite the decline, prices showed support above RM4,650 per tonne, with resistance observed at RM4,780 per tonne.

At the market close, the September 2026 contract saw a decrease of RM21, settling at RM4,625 per tonne. The October 2026 contract fell by RM16 to RM4,686 per tonne, while the November 2026 contract decreased by RM12 to RM4,733 per tonne. The December 2026 contract experienced a slight decline of RM8, ending at RM4,775 per tonne, and the January 2026 contract edged down by RM2 to RM4,815 per tonne. In contrast, the August 2026 contract gained RM15, reaching RM4,534 per tonne.

Trading volume recorded a decrease, with 85,066 lots traded compared to 109,598 lots on Wednesday. However, open interest increased to 312,050 contracts from 309,063 contracts previously. Additionally, the physical CPO price for August South fell by RM20 to RM4,540 per tonne.