PALMOILMAGAZINE, JAKARTA — Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) moved higher on Monday (18/5/2026), supported by positive sentiment across the global vegetable oil market following a rally in crude oil prices.
KPBN set its CPO reference price at IDR15,300/kg, marking an increase of IDR200/kg or around 1.32% compared to the IDR15,100/kg recorded on Wednesday (13/5/2026).
According to information obtained by Palmoilmagazine.com from KPBN, the Franco Dumai CPO price was also set at IDR15,300/kg. Meanwhile, the Loco Parindu CPO tender opened at IDR14,950/kg but ended in a withdrawal (WD), with the highest bid reaching IDR14,785/kg.
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The stronger domestic CPO prices were in line with gains seen in crude palm oil futures on the Bursa Malaysia Derivatives, which closed higher on Monday.
Reported by Bernama, the June 2026 spot contract climbed RM101 to RM4,491 per ton. The July 2026 contract rose RM102 to RM4,522 per ton, while the August 2026 contract gained RM97 to settle at RM4,534 per ton.
Meanwhile, the September 2026 contract increased RM93 to RM4,542 per ton. October 2026 futures advanced RM84 to RM4,549 per ton, while the November 2026 contract added RM80 to close at RM4,561 per ton.
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The rally in the Malaysian market was largely driven by stronger global crude oil prices, which continued to provide support for the vegetable oil complex, including palm oil.
Despite the price gains, overall trading activity weakened. Trading volume declined to 87,585 lots from 98,554 lots recorded during the previous Friday’s session. Open interest also slipped slightly to 283,019 contracts from 285,554 contracts earlier.
Market participants expect short-term CPO price movements to remain influenced by several external factors, including fluctuations in global energy prices, movements in the Malaysian ringgit, and demand trends from major vegetable oil importing countries. (P3)
