By Muhammad Fawwaz Thaqif Nor Afandi
KUALA LUMPUR, Aug 24 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended lower on Monday, weighed down by profit-taking and weaker crude oil prices.
At the time of writing, Brent crude fell 1.93 per cent to US$93.03 per barrel.
Fastmarkets Palm Oil Analytics senior analyst Dr Sathia Varqa said CPO futures traded lower throughout the day as traders moved to lock in profits, pulling back from 20-month high prices recorded last week.
“Traders also turned cautious ahead of production and export estimates due this week,” he told Bernama.
He added that lower vegetable oil prices also weighed on palm futures, with palm olein and soybean oil prices on the Dalian Commodity Exchange (DCE) closed mostly lower.
At the close, the September 2026 contract fell RM71 to RM4,720 per tonne, October 2026 declined RM75 to RM4,859 per tonne, and November 2026 slipped RM72 to RM4,946 per tonne.
The December 2026 contract decreased RM64 to RM5,013 per tonne, January 2027 slid RM54 to RM5,064 per tonne, and February 2027 declined RM42 to RM5,099 per tonne.
Trading volume tumbled to 79,190 lots from 121,114 lots, while open interest climbed to 343,401 contracts from 342,115 contracts previously.
The physical CPO price for September South fell by RM60 to RM4,710 per tonne.
-- BERNAMA