PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) futures on the Bursa Malaysia Derivatives Exchange continued their upward momentum on Monday (March 16, 2026), marking a fourth consecutive day of gains. The rally was supported by a sharp increase in palm olein prices in China as well as rising global crude oil prices.
According to Reuters, the benchmark June 2026 CPO contract on Bursa Malaysia rose by RM85 per ton, or about 1.86%, reaching RM4,657 per ton during the midday trading break.
Market participants noted that the price increase followed strong gains in palm olein futures on the Dalian Commodity Exchange. During the morning trading session in Asia, palm olein prices on the exchange reached their highest level since June 2022.
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Additional support for palm oil prices came from the global energy market. Rising crude oil prices helped lift sentiment in the vegetable oil market, reflecting the close relationship between energy markets and vegetable oil commodities.
In other commodity markets, the most active soybean oil (soyoil) contract on the Dalian exchange edged up by about 0.34%, while palm oil futures on the same exchange surged by 2.52%. Meanwhile, soyoil prices on the Chicago Board of Trade declined by around 0.95%.
Globally, palm oil prices often move in tandem with other vegetable oils such as soybean oil, as these commodities compete within the broader edible oils market.
Meanwhile in Indonesia, CPO prices set by PT Kharisma Pemasaran Bersama Nusantara (KPBN) were recorded at IDR 15,890 per kilogram on Monday (March 16, 2026). This represents an increase of IDR 390 per kilogram, or about 2.52%, compared with the highest offer price on Friday (March 13, 2026), which stood at IDR 15,500 per kilogram.
The continued price strengthening reflects positive sentiment in the global palm oil market, supported by developments in energy markets and movements in other key vegetable oil prices. (P3)
