PALMOILMAGAZINE, KUALA LUMPUR — Crude palm oil (CPO) futures on the Bursa Malaysia strengthened on Monday (December 22), supported by firmer export performance, bargain buying, and rising global crude oil prices that improved overall market sentiment.
The benchmark palm oil contract for March 2026 delivery on the Bursa Malaysia Derivatives Exchange climbed RM 58 per metric ton, or 1.49%, to RM 3,963 per metric ton at the midday break, according to a Reuters report.
From a fundamentals perspective, export activity provided the main support for prices. Cargo surveyor Intertek Testing Services (ITS) estimated that Malaysia’s palm oil product exports during the December 1–20 period rose 2.4% compared with the same period a month earlier. Market participants were also closely watching for export data from AmSpec Agri Malaysia, scheduled for release later the same day, to confirm shipping trends.
ALso Read:
In other global vegetable oil markets, price movements were mixed. The most-active soybean oil contract on the Dalian exchange edged up 0.03%, while palm oil futures on the same exchange slipped 0.36%. Meanwhile, soybean oil prices on the Chicago Board of Trade (CBOT) advanced 0.5%, reflecting a generally positive tone across global commodity markets.
The rebound in Malaysian palm oil prices underscores market optimism over export demand prospects, although traders remain cautious amid fluctuations in competing vegetable oil prices and ongoing developments in the global energy market. (P3)
