FKLI and FCPO rose on Monday after euro zone finance ministers agreed on a rescue package for Spain's struggling banks.

FKLI opened at 1584 and peaked at 1591.5 but has since been ranging between 1579 and 1583.

Malaysian palm oil exports for the first 10 days of June fell 6.6 percent, going against traders' expectation of a stronger demand ahead of the Muslim fasting month starting in mid-July. Industry insiders are surprised but are still confident of real demand coming in the later part in June.

On the technicals front, palm oil faces resistance at RM3,038 per tonne, said Reuters market analyst Wang Tao.