PALMOILMAGAZINE, JAKARTA – The global crude palm oil (CPO) market opened the week under pressure, with prices on the Bursa Malaysia Derivatives closing lower on Monday (April 6, 2026), driven by profit-taking after several sessions of gains.
Citing Reuters, the benchmark CPO futures contract for June 2026 delivery fell by 27 ringgit, or about 0.56%, to 4,812 ringgit per ton. However, losses were limited as supportive sentiment emerged from Thailand’s export policy.
In contrast, Indonesia’s domestic market showed resilience. CPO prices from the tender conducted by PT Kharisma Pemasaran Bersama Nusantara (KPBN) were set at IDR 16,200 per kg on the same day, marking an increase of IDR 65 per kg or around 0.40% compared to the highest bid recorded on Thursday (April 2, 2026) at IDR 16,135 per kg.
Also Read: Indonesia Accelerates Biofuel and Bioethanol Drive to Strengthen Energy Independence
Thailand’s government, through its Ministry of Commerce, announced plans to restrict CPO exports and regulate packaged cooking oil prices starting April 7. The move comes amid rising biodiesel demand, fueled by higher global energy prices linked to ongoing tensions in the Middle East.
This policy is expected to tighten regional supply and provide short-term support to palm oil prices, helping the market recover from earlier losses.
Externally, fluctuations in global energy prices continued to influence the CPO market. Crude oil prices dropped by more than US$2 per barrel, pressured by uncertainties surrounding negotiations between the United States and Iran, as well as concerns over supply disruptions due to shipping constraints.
Also Read: North Sumatra FFB Prices Climb Above IDR 4,065/kg in Early April 2026
Interestingly, weaker crude oil prices can, in certain conditions, enhance CPO’s competitiveness as a biodiesel feedstock compared to fossil fuels.
Meanwhile, other vegetable oil markets remained relatively stable. Soybean oil prices on the Chicago Board of Trade edged up by 0.07%, reflecting steady global demand.
Trading activity was somewhat subdued due to the closure of the Bursa Dalian for a public holiday in China, reducing overall market liquidity.
Also Read: Indonesia to Launch B50 Biodiesel in July 2026, Saving 4 Million KL of Fuel
With these mixed signals, the CPO market is expected to remain volatile in the near term, as participants closely monitor export policies from producing countries and developments in global energy prices as key market drivers. (P3)
