PALMOILMAGAZINE, JAKARTA – Crude Palm Oil (CPO) futures on the Bursa Malaysia Derivatives Exchange closed higher on Monday (June 8, 2026), supported by gains in global crude oil prices and a stronger soybean oil market, which boosted sentiment across the vegetable oils sector.
Market participants were also encouraged by expectations of lower palm oil production in the coming weeks. The prospect of tighter supply has reinforced optimism that market fundamentals will remain supportive, helping to lift futures prices.
According to Bernama, the June 2026 CPO contract rose RM13 to RM4,505 per tonne, while the July 2026 contract also gained RM13 to settle at RM4,539 per tonne.
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Further along the curve, the August 2026 contract climbed RM21 to RM4,575 per tonne. The September 2026 contract advanced RM23 to RM4,607 per tonne.
Meanwhile, the October 2026 contract increased RM22 to RM4,638 per tonne, while the November 2026 contract posted the largest gain of the day, rising RM24 to RM4,671 per tonne.
Despite the upward movement in prices, trading activity moderated. Total trading volume fell to 51,506 lots from 98,296 lots recorded in the previous session. Open interest also eased, declining from 293,957 contracts to 290,490 contracts.
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In the physical market, the June delivery CPO price in South Malaysia remained unchanged at RM4,520 per tonne, indicating relatively balanced supply and demand conditions despite the stronger performance in the futures market.
Indonesia’s domestic market also recorded gains. Based on the latest tender conducted by PT Kharisma Pemasaran Bersama Nusantara (KPBN), the CPO reference price was set at IDR 15,175 per kilogram on Monday (June 8, 2026).
The price increased by IDR 125 per kilogram, or approximately 0.83%, compared with Friday’s (June 5, 2026) level of IDR 15,050 per kilogram.
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The strengthening of CPO prices in both international and domestic markets provides a positive signal for the palm oil industry, particularly as traders continue to monitor global production trends and developments in competing vegetable oil markets. Should energy and soybean oil prices remain firm, palm oil prices are likely to continue receiving support in the near term. (P3)
