PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) futures on the Bursa Malaysia Derivatives Exchange ended lower on Friday (June 12, 2026), weighed down by declining global crude oil prices and weaker soybean oil futures on the Chicago Board of Trade (CBOT), which dampened sentiment across the global vegetable oils market.
According to closing data reported by Bernama, the June 2026 CPO contract fell RM74 to close at RM4,387 per tonne. The July 2026 contract also declined RM74, settling at RM4,435 per tonne.
Selling pressure continued in the August 2026 contract, which dropped RM76 to RM4,475 per tonne, while the September 2026 contract lost RM81 to close at RM4,511 per tonne.
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The October 2026 contract declined RM88 to RM4,544 per tonne. Meanwhile, the November 2026 contract recorded the steepest loss of the day, falling RM90 to finish at RM4,571 per tonne.
Despite the decline in prices, market activity increased sharply. Trading volume surged to 119,170 lots, nearly doubling from 59,067 lots recorded in the previous trading session on Thursday.
Open interest also rose to 283,511 contracts from 277,876 contracts previously, indicating that investor participation in CPO futures remained robust despite the market correction.
In the physical market, the June South Malaysia CPO price fell RM50 to RM4,470 per tonne, reflecting the weakness seen in the futures market.
Meanwhile, Indonesia’s domestic market showed a different trend. Crude palm oil prices set by PT Kharisma Pemasaran Bersama Nusantara (KPBN) posted a modest increase on Friday.
KPBN’s CPO reference price was set at IDR 15,450 per kilogram, up IDR 50/kg or approximately 0.32% from IDR 15,400/kg recorded on Thursday (June 11, 2026).
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The contrasting performance between Malaysia’s futures market and Indonesia’s domestic market suggests that local factors continue to provide support for CPO prices in Indonesia. Market participants are expected to closely monitor developments in global vegetable oil markets, energy prices, and export prospects to gauge the direction of palm oil prices in the coming weeks. (P3)
