Kuala lumpur: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed mostly higher on Thursday as robust export demand lifted market sentiment.

According to BERNAMA News Agency, Fastmarkets Palm Oil Analytics senior analyst Sathia Varqa indicated that July exports are expected to increase by nearly 20 percent from June, highlighting a strong export performance. This marks the second consecutive month of increased exports, signaling resilient export demand.

At the close of trading, the August 2026 contract fell RM3 to RM4,554 per tonne, while the September 2026 contract gained RM15 to RM4,643 per tonne. Meanwhile, the October 2026, November 2026, and December 2026 contracts each rose RM19 to RM4,683, RM4,714, and RM4,743 per tonne, respectively. The January 2027 contract climbed RM17 to RM4,770 per tonne.

Trading volume saw a decrease to 67,530 lots from 77,694 lots on Wednesday, and open interest slightly slipped to 302,397 contracts from the previous 302,561 contracts. The physical CPO price for August South saw a decrease of RM10 to RM4,550 per tonne.