Kuala lumpur: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower today, weighed down by concerns over rising domestic production and inventory levels in the coming weeks.

According to BERNAMA News Agency, palm oil trader David Ng indicated that market sentiment was also dampened by weaker soybean oil prices, which exerted downward pressure on CPO. Ng noted that CPO prices were supported above RM4,100 per tonne with resistance at RM4,300 per tonne.

Fastmarkets Palm Oil Analytics senior analyst Dr. Sathia Varqa elaborated that CPO futures fell to a 16-day low as traders engaged in selling activity amid a worsening stocks outlook and losses in related vegetable oil markets. He pointed out that losses in soybean oil on the Chicago Mercantile Exchange also weighed on palm futures on Bursa Malaysia Derivatives.

At the close, the spot-month August contract fell RM27 to RM4,166 per tonne, while September 2025 declined RM52 to RM4,174 per tonne and October 2025 dropped RM58 to RM4,187 per tonne. Meanwhile, November 2025 slipped RM63 to RM4,200 per tonne, December 2025 eased RM65 to RM4,214 per tonne, and January 2026 shed RM68 to RM4,223 per tonne.

Trading volume rose to 72,995 lots today from 71,301 on Friday, while open interest decreased to 221,839 contracts from 224,913. The physical CPO price for August South decreased RM30 to RM4,200 per tonne.