PALMOILMAGAZINE, KUALA LUMPUR – Crude palm oil (CPO) futures on the Malaysia Derivatives Exchange closed slightly lower on Friday’s trading session, weighed down by profit-taking after recent advances. Despite the mild daily correction, the market still managed to lock in gains for the week, signaling that bullish sentiment has yet to fade.
Market confidence continued to find support from firmer prices of rival vegetable oils on global exchanges, particularly in China and the United States. Strengthening soybean oil and palm oil contracts on the Dalian Commodity Exchange, along with higher soybean oil prices on the Chicago Board of Trade, helped cushion the downside.
Additional attention from market participants was also directed toward Indonesia’s plan to raise palm oil export levies, a move seen as potentially affecting global supply dynamics.
According to Reuters, the benchmark March 2026 palm oil contract slipped RM 5 per ton, or 0.12%, to settle at RM 4,038 per ton. Even with the softer close, the contract still recorded a weekly gain of 1.18%.
Across the broader vegetable oil complex, the most-active soybean oil contract on the Dalian exchange rose 0.33%, while palm oil futures on the same bourse gained 0.6%. In the United States, soybean oil prices on the Chicago Board of Trade also strengthened, climbing 0.51%, underscoring continued firmness in the global edible oils market. (P2)
