PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices on the Bursa Malaysia Derivatives Exchange rebounded on Thursday (March 26, 2026), recovering after two consecutive sessions of decline as global market sentiment improved.
According to Reuters, the price recovery was driven by rising global soybean oil and crude oil prices, along with strong export performance, which together provided fresh momentum to the market.
The benchmark June 2026 CPO contract rose by RM74 per ton, or approximately 1.65%, reaching RM4,570 per ton during the midday trading break.
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Export data further reinforced the bullish sentiment. Cargo surveyors reported that Malaysia’s palm oil exports for the March 1–25 period surged significantly, increasing between 38.4% and 50.6% compared to the previous month.
In Indonesia, CPO prices under PT Kharisma Pemasaran Bersama Nusantara (KPBN) were also on an upward trend. Prices were set at IDR 15,615/kg on Thursday (March 26, 2026), marking an increase of IDR 242/kg or around 1.57% compared to the highest bid recorded on Wednesday (March 25, 2026) at IDR 15,373/kg.
Market sentiment was further supported by expectations of higher Indonesian export taxes on palm oil starting in April, a move that could tighten global supply and help stabilize prices.
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On the energy front, the widening price spread between palm oil and gasoil has enhanced the competitiveness of CPO as a biodiesel feedstock, adding to demand-side support.
Other vegetable oil markets also moved higher. On the Dalian Exchange, the most active soyoil contract rose 0.77%, while palm oil futures gained 0.63%. Meanwhile, soyoil prices on the Chicago Board of Trade increased by 0.36%.
Overall, the combination of stronger exports, firmer energy prices, and supportive policy expectations has helped restore confidence in the palm oil market, signaling a potential continuation of the upward trend despite ongoing volatility. (P3)
