The benchmark July crude palm oil contract on Bursa Malaysia Derivatives gained 20 ringgit to 2,560 ringgit ($802.5) a tonne, off a high of 2,568 ringgit -- a level last seen on April 12.
Overall traded volume rose to 13,447 lots of 25 tonnes each from the usual level around 10,000 lots.
Exports of Malaysian palm oil products for April 1-25 fell 15 percent to 947,304 tonnes from 1,114,035 tonnes shipped between March 1 to 25, cargo surveyor Intertek Testing Services said on Monday.
Another surveyor Societe Generale de Surveillance said palm oil shipments during the same period fell 9.9 percent, much slower than the drop of more than 30 percent reported in the first half of April.
Traders said crude palm oil futures may have limited upside this week as a firmer ringgit will cap gains.
"(The) ringgit is expected to remain strong and that will hit exports," said a Kuala Lumpur-based trader, adding that crude palm oil futures may hover around 2,500 to 2,600 ringgit for now.
A stronger ringgit makes palm oil more expensive for overseas buyers as the vegetable oil is priced in this currency.
The ringgit gained half a percent on Monday to 3.172 per dollar, the highest level since May 2008, as foreigners bought Malaysian assets on optimism about the country's economic recovery.
Oil hovered near $85 a barrel on Monday, supported by stronger economic sentiment as global stock markets rose but lingering doubts over Greece's debt crisis saw the U.S. dollar strengthen against the euro.
Other vegetable oil markets were also firmer. May soyoil on the Chicago Board of Trade rose almost 1 percent in Asian hours and the most-active Jan soyoil delivery at China's Dalian Commodity Exchange inched up 0.2 percent.
INDONESIA PALM TRADES
In Indonesia, Jakarta-based PT KBN Nusantara, formerly known as the state marketing centre, sold all 8,250 tonnes of crude palm oil offered in an auction at a top price of 7,498 rupiah ($0.832) per kg on Monday, against 7,429 rupiah per kg on Friday.
Producers in Medan, home to Indonesia's main palm oil export port of Belawan, did not hold any auctions on Monday.
Refiners in Jakarta offered refined, bleached, deodorised (RBD) palm olein -- used as cooking oil -- at 7,850 rupiah per kg, against 7,800 rupiah per kg on Friday.
Meanwhile, PT Astra Agro Lestari Tbk did not sell 1,500 tonnes of super palm kernel oil offered in an auction on Monday.
Astra Agro offered super PKO at $1,025 per tonne, FOB Pangkalan Dewa, while buyers bid at between $900-$1,002 per tonne.
