By Nur Athirah Mohd Shaharuddin
KUALA LUMPUR, Oct 27 (Bernama) -- The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower on Monday due to concerns over sluggish demand for the commodity, said CGS International Securities Malaysia Sdn Bhd.
It said the demand from India, the world’s largest edible oil importer, is likely to fall as the festival season ended this week.
“Consumption of the tropical commodity, especially in the northern parts of the country, also tends to drop in the peak winter months from November to February. Palm oil generally thickens during colder temperatures, prompting users to look for alternatives like soy oil,” it said in a report today.
At the close, the spot-month November 2025 lost RM47 to RM4,335 a tonne, while the December 2025 and January 2026 contracts erased RM49 each to RM4,354 and RM4,373 a tonne, respectively.
The February 2026 note dropped RM47 to RM4,388 a tonne, and March 2026 was down RM46 to RM4,386 while April 2026 inched down RM3 to RM4,377.
The total volume softened to 69,120 from 73,808 lots on Friday, while open interest rose 268,476 contracts from 265,714 contracts previously.
On the physical market, November South lost RM70 to RM4,370 a tonne.
-- BERNAMA
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