PALMOILMAGAZINE, JAKARTA — Crude palm oil (CPO) futures on the Bursa Malaysia Derivatives closed higher on Monday (18/5/2026), supported by a sharp rise in global crude oil prices that strengthened sentiment across the vegetable oil market.
According to Bernama, the June 2026 spot contract gained RM101 to close at RM4,491 per ton. The July 2026 contract rose RM102 to RM4,522 per ton, while the August 2026 contract advanced RM97 to RM4,534 per ton.
The upward trend continued in later contracts, with September 2026 futures climbing RM93 to RM4,542 per ton. October 2026 contracts increased RM84 to RM4,549 per ton, while the November 2026 contract added RM80 to settle at RM4,561 per ton.
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The stronger performance in Malaysian palm oil futures reflected positive market reactions to rising global energy prices, particularly crude oil, amid ongoing supply concerns and improving global economic activity.
Despite higher prices, trading activity weakened during the session. Total trading volume fell to 87,585 lots compared to 98,554 lots recorded on the previous Friday. Open interest also edged lower to 283,019 contracts from 285,554 contracts earlier.
In Indonesia’s market, crude palm oil prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) also moved higher. KPBN set its CPO price at Rp15,300/kg on Monday (18/5/2026), up Rp200/kg or approximately 1.32% from Rp15,100/kg recorded on Wednesday (13/5/2026).
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Market participants expect both international and domestic CPO prices to remain influenced by several key external factors, including developments in global energy prices, movements in the Malaysian ringgit, and demand trends in the global vegetable oil market.
Traders are also closely monitoring import demand from major buyers such as India and China, as well as biodiesel and energy policies that could shape palm oil consumption trends in the coming months. (P3)
