PALMOILMAGAZINE, Jakarta — Malaysian crude palm oil (CPO) futures closed higher for a second consecutive session on Tuesday (Jan 27, 2026), supported by rising prices of rival vegetable oils, solid export performance, and expectations of softer production.
According to a Reuters report, the benchmark April CPO contract on the Bursa Malaysia Derivatives Exchange climbed RM33 per ton, or 0.78 percent, to settle at RM4,258 per ton. The advance reflected improved market sentiment, driven by a combination of external market strength and supportive domestic fundamentals.
Across global vegetable oil markets, prices moved broadly higher. The most-active soyoil contract on China’s Dalian Commodity Exchange gained 1.03 percent, while palm oil futures on the same exchange surged 2.67 percent. In the United States, soyoil prices on the Chicago Board of Trade (CBOT) also edged up 0.48 percent.
Also Read: Bustanul Arifin: Indonesia’s Palm Oil Must Shift from Volume to Value
The synchronized rally in competing oils provided a strong tailwind for palm oil, which directly competes with soyoil and other vegetable oils for global market share. Price movements in major exchanges often set the tone for CPO futures in Malaysia.
On the fundamentals side, export data reinforced bullish sentiment. Cargo surveyor Intertek Testing Services reported that Malaysia’s palm oil product exports for Jan 1–25 rose 9.97 percent compared with the same period a month earlier.
AmSpec Agri Malaysia released similar figures, showing exports increased 7.97 percent over the same timeframe. The steady export performance, despite ongoing volatility in global commodity markets, has been viewed as a key factor underpinning prices.
Beyond demand, traders are also watching signals of lower production, which could tighten supply and help keep prices on a firmer footing.
With rival vegetable oils rallying, exports improving, and prospects of tighter supply, market participants see room for Malaysian CPO to maintain its positive momentum in the near term. (P3)
