PALMOILMAGAZINE, JAKARTA — Crude palm oil (CPO) futures on the Bursa Malaysia Derivatives Exchange closed lower again on Tuesday (12/5/2026), reversing the modest gains recorded in the previous trading session. The decline was mainly driven by selling pressure in palm olein contracts traded on China’s Dalian Commodity Exchange during Asian market hours.
According to Reuters, the benchmark July 2026 CPO contract on Bursa Malaysia fell RM33 per ton, or approximately 0.73%, to settle at RM4,483 per metric ton at the close of trade. In the previous session, the same contract had posted a slight increase of around 0.24%.
Weakness in the international palm oil market was also reflected in Indonesia’s domestic CPO pricing. PT Kharisma Pemasaran Bersama Nusantara (KPBN) set domestic CPO prices at IDR 15,150/kg on Tuesday.
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The figure represented a decline of IDR 175/kg, or around 1.14%, compared to Monday’s level of IDR 15,325/kg.
Global vegetable oil markets continued to show mixed movements. On the Dalian exchange, the most active soybean oil contract edged up 0.16%, while palm oil futures dropped 1.35%.
Meanwhile, soybean oil prices on the Chicago Board of Trade (CBOT) rose approximately 0.81%, indicating that demand sentiment in the broader vegetable oil market remained relatively supportive.
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Market participants are continuing to monitor developments in global edible oil supply and demand, including export trends from major palm oil producing countries and fluctuations in crude oil prices, both of which remain important factors influencing sentiment in the international CPO market. (P2)
