PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) futures on the Bursa Malaysia Derivatives Exchange closed mixed on Friday (May 30, 2026), as market participants continued to monitor fluctuations in global energy prices, which remain a key factor influencing sentiment across the vegetable oils market.
According to Bernama, the June 2026 CPO contract rose by RM8 to settle at RM4,470 per tonne. However, the July and August 2026 contracts edged lower by RM2 each, closing at RM4,503 per tonne and RM4,535 per tonne, respectively.
Meanwhile, the September 2026 contract gained RM1 to RM4,561 per tonne. The positive momentum extended to later delivery months, with the October 2026 contract increasing RM5 to RM4,590 per tonne and the November 2026 contract advancing RM9 to RM4,620 per tonne.
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Despite the relatively modest price movements, market activity strengthened considerably. Trading volume surged to 76,012 lots from 59,830 lots recorded in the previous session. Open interest also inched higher to 285,715 contracts, compared with 285,564 contracts a day earlier.
In the physical market, the June South CPO price remained unchanged at RM4,490 per tonne, reflecting a market still seeking direction amid external factors affecting the global edible oils trade.
Market participants are also preparing for a trading break next week. Bursa Malaysia and its subsidiaries will be closed on June 1 and June 2, 2026, in observance of the King’s Birthday holiday and the replacement holiday for Wesak Day. Trading is scheduled to resume on Wednesday, June 3.
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In Indonesia, meanwhile, CPO offered through PT Kharisma Pemasaran Bersama Nusantara (KPBN) was again withdrawn (WD) during Friday’s trading session. Nevertheless, the highest bid reached IDR 13,355 per kilogram.
The figure represented an increase of IDR 955 per kilogram, or approximately 7.7%, compared with the highest bid recorded on May 26, 2026, which stood at IDR 12,400 per kilogram.
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The stronger bid levels in the KPBN auction indicate improving sentiment in the domestic palm oil market, mirroring the recent recovery seen in global CPO prices. The upward trend is expected to provide additional support for fresh fruit bunch (FFB) prices received by oil palm smallholders across Indonesia in upcoming pricing periods. (P3)
