PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) futures on the Bursa Malaysia Derivatives Exchange continued to trade in a narrow range on Friday (May 8, 2026), as market participants adopted a cautious stance ahead of next week’s release of monthly supply and demand data from the Malaysian Palm Oil Board (MPOB).
The wait-and-see sentiment kept benchmark CPO futures nearly unchanged during midday trading, while the market remained on track for a second consecutive weekly decline amid the absence of fresh bullish catalysts.
The benchmark July 2026 CPO contract on Bursa Malaysia was quoted flat at RM4,541 per ton during the midday session. On a weekly basis, the contract has slipped around 1.03%, reflecting investor caution over short-term market direction.
Also Read: West Sumatra FFB Prices Decline in Early May 2026 Trading Period
In Indonesia’s domestic market, crude palm oil prices in the tender conducted by PT Kharisma Pemasaran Bersama Nusantara (KPBN) also showed little movement. During Friday’s trading session, the CPO tender was again withdrawn (WD), with the highest offer recorded at Rp15,222/kg.
The price remained unchanged compared to Thursday’s (May 7, 2026) highest offer, which also stood at Rp15,222/kg. The stagnant pricing indicates limited trading activity as market players continue to monitor global developments before taking new positions.
Additional pressure came from competing vegetable oil markets. The most active soybean oil contract on the Dalian exchange fell 1.14%, while palm olein futures on the same exchange declined 0.87%.
Also Read: GAPKI Strengthens Sustainable Labor Practices in Palm Oil Sector Through Padu Perkasa Initiative
Meanwhile, soybean oil prices on the Chicago Board of Trade rose 0.65%, highlighting diverging sentiment across global vegetable oil markets, particularly regarding demand prospects and supply dynamics for each commodity.
Market participants are now closely watching the upcoming MPOB report, which is expected to provide updated figures on Malaysia’s palm oil production, exports, and inventory levels. The data is widely seen as a key factor that could determine the near-term direction of CPO prices and broader sentiment in the global vegetable oil market. (P3)
