PALMOILMAGAZINE, JAKARTA – Malaysian crude palm oil (CPO) futures ended higher on Monday (July 6, 2026), buoyed by stronger global vegetable oil prices, particularly gains in soybean oil futures on the Chicago Board of Trade (CBOT) and palm olein futures on China’s Dalian Commodity Exchange.
The rally across major edible oil markets boosted market sentiment, lifting most benchmark CPO contracts on Bursa Malaysia Derivatives into positive territory.
According to Bernama, the July 2026 CPO contract rose RM46 to RM4,485 per metric ton. The August contract gained RM65 to RM4,523 per ton, while the September contract posted the strongest advance, climbing RM70 to RM4,550 per ton.
Also Read: MPOB Expects CPO Prices to Stay Above RM4,000 per Ton in 2026 Amid Strong Crude Oil Market
The upward momentum extended to the remaining benchmark contracts. October futures increased RM67 to RM4,572 per ton, November contracts added RM61 to RM4,594 per ton, and December futures closed RM57 higher at RM4,616 per ton.
The gains reflected continued strength in the global vegetable oil complex. Rising soybean oil prices on the CBOT, coupled with firmer palm olein futures in Dalian, provided key support for Malaysian palm oil prices amid ongoing volatility in international commodity markets.
Despite the price rally, trading activity moderated. Total trading volume declined to 59,610 lots from 71,942 lots in the previous session, while open interest edged down to 288,418 contracts from 289,382 contracts, suggesting that some investors locked in profits following recent gains.
Also Read: Indonesia Cuts July 2026 CPO Reference Price to USD 1,000.90 per Ton Amid Weak Global Demand
In the physical market, the Southern Malaysian July CPO spot price also strengthened, rising RM50 to RM4,520 per metric ton, broadly in line with the futures market’s positive performance.
In contrast, Indonesia’s domestic palm oil market moved in the opposite direction. At PT Kharisma Pemasaran Bersama Nusantara (KPBN), Monday’s CPO tender concluded with a withdrawal (WD) status.
The highest bid was recorded at IDR 15,362 per kilogram, down IDR 123 per kilogram, or approximately 0.79%, from IDR 15,485 per kilogram recorded on Friday (July 3, 2026).
Also Read: BRIN Advances Pyrolysis Technology to Turn Oil Palm Empty Fruit Bunch Waste into Renewable Energy
The contrasting performance between Bursa Malaysia and Indonesia’s domestic market suggests that local pricing continues to be influenced by domestic supply-demand dynamics, tender mechanisms, and market participants’ trading strategies, even as supportive global sentiment underpins international palm oil prices. (P3)
