PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) futures on the Bursa Malaysia Derivatives Exchange moved lower on Thursday, February 5, 2026, tracking declines across major vegetable oil markets in Dalian and Chicago, according to Reuters.
Market sentiment was further pressured by concerns over demand amid a strengthening Malaysian ringgit, which has made palm oil more expensive for overseas buyers and reduced export competitiveness.
The benchmark April 2026 palm oil contract closed down RM 17 per ton, or about 0.4%, at RM 4,208 per ton, equivalent to USD 1,066.94.
Also Read: Bappenas and CSES Seal MoU to Accelerate Low-Emission and Sustainable Palm Oil Development
Weakness was also evident in other vegetable oil markets. The most actively traded soybean oil contract in Dalian fell 0.52%, while palm oil futures on the same exchange dropped more sharply by 1.35%. Meanwhile, soybean oil prices on the Chicago Board of Trade were relatively stable, edging down slightly by around 0.05%.
The synchronized decline across global vegetable oil markets highlights ongoing sensitivity to currency movements and demand prospects, with traders closely monitoring macroeconomic signals and consumption trends in key importing countries. (P3)
