Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Monday, influenced by the weakness in the Chicago Board of Trade (CBOT) soybean oil market, a trader reported.

According to BERNAMA News Agency, Sunvin Group commodity research head Anilkumar Bagani noted that palm oil prices faced additional pressure following China's decision to reduce import tariffs on Canadian canola from a combined 84 percent to 15 percent. This move reflects a decrease in palm oil biofuel demand, compounded by the absence of a B50 mandate this year, Bagani explained.

Iceberg X Sdn Bhd proprietary trader David Ng also highlighted concerns over high domestic stock levels as a factor weighing on CPO prices. Ng observed that while prices are supported above RM4,000, resistance is noted at RM4,180.

At the close of trading, the benchmark February 2026 contract rose RM6 to RM4,032 per tonne. Meanwhile, the March 2026 contract eased RM2 to RM4,055 per tonne, April 2026 slipped RM5 to RM4,067 per tonne, May 2026 fell RM6 to RM4,073 per tonne, June 2026 declined RM11 to RM4,071 per tonne, and July 2026 lost RM9 to RM4,068 per tonne.

Moreover, trading volume saw a significant drop, registering at 40,676 lots compared to 96,095 lots on Friday. Open interest also fell to 242,379 contracts from a previous count of 249,340. The physical CPO price for January South, however, rose RM10 to RM4,060 per tonne.