PALMOILMAGAZINE, KUALA LUMPUR — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives ended higher on Friday (27/2/2026), buoyed by stronger soybean oil prices on the Chicago Board of Trade (CBOT) and positive sentiment in global crude oil markets.
At the close, the March 2026 contract gained RM34 to settle at RM3,989 per ton, while the April 2026 contract also rose RM34 to RM4,030 per ton. The May 2026 contract advanced RM37 to RM4,042 per ton, as quoted by Palmoilmagazine.com from Bernama.
The upward trend extended to the June 2026 contract, which climbed RM40 to RM4,046 per ton. July and August 2026 contracts also increased by RM40 each, closing at RM4,043 per ton and RM4,038 per ton, respectively.
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Externally, the rally in soybean oil prices on CBOT strengthened market sentiment, given the close competition between soybean oil and palm oil in the global vegetable oil market. When soybean oil prices rise, palm oil often follows due to potential shifts in demand.
At the same time, firmer global crude oil prices provided additional support. Higher energy prices tend to enhance the attractiveness of palm-based biodiesel, thereby underpinning demand expectations.
Trading activity reflected stronger market participation. Volume increased to 63,409 lots compared to 61,228 lots on Thursday, while open interest edged up to 227,706 contracts from 227,240 contracts previously.
The rise in both trading volume and open interest signals sustained engagement from industry players and investors, as they monitor developments in the vegetable oil complex and global energy markets in the weeks ahead. (P3)
