Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Thursday, influenced by weaker soybean oil prices and a decline in export performance, a trader reported.

According to BERNAMA News Agency, David Ng, a proprietary trader at Iceberg X Sdn Bhd, indicated that the latest export figures showed reduced demand for Malaysian palm oil, affecting market sentiment. Intertek Testing Services (ITS) estimated Malaysia's palm oil exports for May 1-31 at 1.28 million tonnes, an 8.81% decrease from the April 1-30 period. AmSpec reported a larger decline of 15.45%, with exports at 1.14 million tonnes.

Ng noted that market support is expected at RM4,500 per tonne and resistance at RM4,700 per tonne. By the close, the June 2026 contract decreased by RM74 to RM4,531 per tonne. The July 2026 CPO contract fell RM72 to RM4,566 per tonne, while the August and September 2026 contracts each dropped RM76 to RM4,601 and RM4,629 per tonne, respectively. The October 2026 contract slipped RM77 to RM4,657 per tonne, and the November 2026 contract declined RM75 to RM4,686 per tonne.

The trading volume reduced to 95,888 lots from 104,077 lots on the previous day, yet open interest increased to 298,582 contracts from 289,868 contracts. Meanwhile, the physical CPO price for June South decreased by RM90 to RM4,550 per tonne.