CPO Futures Slide on Profit-Taking and Weaker Crude Oil Prices
The Crude Palm Oil (CPO) futures on Bursa Malaysia Derivatives closed lower on Monday due to profit-taking and weaker crude oil prices. Brent crude fell by 1.93% to $93.03 per barrel at the time of writing.
'Traders moved to lock in profits, pulling back from 20-month high prices recorded last week,' said Dr Sathia Varqa, senior analyst at Fastmarkets Palm Oil Analytics. He added that traders were cautious ahead of production and export estimates due this week.
The September 2026 contract fell by RM71 to RM4,720 per tonne, while the October 2026 contract declined by RM75 to RM4,859 per tonne. The physical CPO price for September South also fell by RM60 to RM4,710 per tonne.