PALMOILMAGAZINE, JAKARTA – Malaysian crude palm oil (CPO) futures closed higher for a second consecutive session on Tuesday (July 14, 2026), supported by stronger prices for competing vegetable oils and a rally in crude oil that boosted overall market sentiment.
The benchmark September 2026 CPO contract on the Bursa Malaysia Derivatives Exchange settled RM40 per tonne, or 0.88%, higher at RM4,573 per tonne. The gain extended the market’s upward momentum as soybean oil prices strengthened in both the United States and China.
According to Reuters, Chicago soybean oil futures rose 0.47% after surging about 3.35% in the previous session. Meanwhile, the most-active soybean oil contract on China’s Dalian Commodity Exchange gained 0.4%, while Dalian palm oil futures advanced 0.95%.
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The positive global sentiment was also reflected in Indonesia’s domestic market. Information obtained by Palmoilmagazine.com from PT Kharisma Pemasaran Bersama Nusantara (KPBN) showed that the Franco Kuala Tanjung CPO price was set at IDR15,685/kg in Tuesday’s tender.
The benchmark increased by IDR80/kg, or approximately 0.51%, from IDR15,605/kg recorded in Monday’s (July 13) tender, indicating that Indonesia’s domestic CPO market continues to track the strength seen in international palm oil markets. (P3)
