Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Monday on expectations of weaker demand in the coming weeks, a trader said. Iceberg X Sdn Bhd proprietary trader David Ng noted that trading volume was subdued ahead of a quiet week, with both the Dalian Commodity Exchange and Bursa Malaysia closed for the next two days for the Chinese New Year holiday.

According to BERNAMA News Agency, Ng mentioned that CPO prices are expected to find support above RM3,950 per tonne, with resistance projected at RM4,200. At the close, the new spot-month March 2026 contract saw a decline of RM24, closing at RM4,013 per tonne. The April and May 2026 contracts each decreased by RM30, settling at RM4,020 and RM4,016 per tonne, respectively.

June 2026 contracts dropped by RM29 to RM4,011 per tonne, whereas July and August 2026 eased by RM27 each, closing at RM4,008 and RM4,002 per tonne, respectively. Trading volume witnessed a decline to 40,371 lots from the previous 116,044 on Friday, while open interest slightly decreased to 225,359 from 230,392.

In the physical market, the CPO price for March South fell by RM10, reaching RM4,040 per tonne.