PALMOILMAGAZINE, JAKARTA – Global crude palm oil (CPO) prices posted a slight increase on Wednesday (April 15, 2026), although pressures from weaker vegetable oil markets and lingering policy uncertainty continued to weigh on sentiment.
According to Reuters, the benchmark June 2026 CPO contract on the Bursa Malaysia Derivatives Exchange rose by RM8 per ton, or approximately 0.18%, to close at RM4,474 per ton. The uptick followed a sharp correction of 1.95% in the previous trading session.
Despite the modest rebound, market sentiment remained restrained. Malaysia’s plan to raise its biodiesel mandate from B12 to B15 is viewed as insufficiently aggressive to significantly boost confidence among market participants.
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On the fundamental side, export performance continues to exert pressure. Data from cargo surveyors indicated that Malaysia’s palm oil product exports for the April 1–15 period likely declined between 34.2% and 34.7% compared to the previous month. This sharp drop has limited further upside in prices.
Meanwhile, in the domestic market, CPO prices through the tender mechanism at PT Kharisma Pemasaran Bersama Nusantara (KPBN) recorded a withdrawal (WD). The highest bid reached only IDR15,222/kg, down IDR03/kg or about 0.67% from the previous trading level of IDR15,325/kg.
This reflects continued bargaining between sellers and buyers amid uncertainty over global price direction.
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In other vegetable oil markets, price movements were mixed. The most active soybean oil contract on the Dalian exchange fell by 0.41%, while palm oil futures on the same exchange declined by 0.65%. In contrast, soybean oil prices on the Chicago Board of Trade rose by around 0.8%.
With a combination of export pressures, energy policy developments, and mixed global market signals, CPO prices are currently moving within a consolidation phase. Market participants remain cautious, awaiting stronger catalysts to provide clearer direction for future price trends. (P3)
