PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices continued their upward trajectory on Thursday (12/6/2026), with gains recorded in both the Malaysian futures market and Indonesia’s domestic market. The rally was fueled by stronger prices across the global vegetable oils complex, boosting sentiment toward palm oil demand.
According to Reuters, the benchmark August 2026 CPO contract on the Bursa Malaysia Derivatives Exchange rose RM30 per tonne, or 0.66%, to RM4,568 per tonne during the midday trading session. The increase marked the second consecutive day of gains for Malaysian palm oil futures.
Market sentiment was supported by rising prices of competing vegetable oils, which reinforced expectations of healthy global demand for edible oils, including palm oil.
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In China, the most-active soybean oil contract on the Dalian Commodity Exchange gained 0.51%, while Dalian palm oil futures advanced 0.88%. Meanwhile, soybean oil futures on the Chicago Board of Trade (CBOT) rose 0.38%, providing additional support to the broader vegetable oils market.
The positive trend in international markets was also reflected in Indonesia’s domestic palm oil prices. PT Kharisma Pemasaran Bersama Nusantara (KPBN) increased its CPO reference price to IDR 15,400 per kilogram on Thursday (11/6/2026), up IDR 175/kg or approximately 1.15% from IDR 15,225/kg recorded a day earlier.
The increase highlights the strong correlation between domestic palm oil prices and developments in the global vegetable oils market. It also provides a positive signal for Indonesia’s palm oil industry, particularly for producers and smallholders seeking stable and profitable commodity prices.
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Market participants are now closely monitoring global vegetable oil fundamentals, export demand trends, and policy developments among major producing and consuming countries that could influence the direction of palm oil prices in the weeks ahead. (P3)
