PALMOILMAGAZINE, JAKARTA — Crude palm oil (CPO) prices resumed their downward trend at the start of the week on Monday (27/4/2026), pressured by sluggish demand from key export markets and rising expectations of stronger April output.
According to Reuters, the benchmark July 2026 CPO contract on Bursa Malaysia Derivatives fell RM39 per ton, or 0.85%, to RM4,558 per ton. The correction came after the same contract had gained 0.39% in the previous trading session.
Market participants said current price pressure was driven by a combination of weaker exports and the prospect of rising production, limiting upside potential in the near term.
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Earlier, cargo surveyor Intertek Testing Services reported that Malaysian palm oil product exports for the April 1–25 period declined 15.7% from the previous month. The drop reinforced concerns over softer demand from overseas buyers.
In Indonesia, crude palm oil prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) were set at IDR15,459 per kilogram on Monday (27/4/2026), down IDR41 per kilogram, or around 0.26%, from IDR15,500 per kilogram recorded on Friday (24/4/2026).
CPO price movements also continued to track developments in competing vegetable oils across global markets.
During the same trading session, the most active soybean oil contract on the Dalian exchange fell 0.44%, while palm oil futures on the same bourse edged up 0.17%. Meanwhile, soybean oil prices on the Chicago Board of Trade rose 0.53%.
Analysts said fluctuations in rival edible oils remain an important factor for palm oil prices, as buyers often shift demand depending on relative price competitiveness.
With export demand still soft and production expected to improve seasonally, the palm oil market may remain under pressure in the short term, although movements in crude oil and biodiesel demand could still provide support. (P3)
