PALMOILMAGAZINEJAKARTA – Malaysian crude palm oil (CPO) futures opened lower on Friday (July 17, 2026), pressured by weaker vegetable oil prices on China’s Dalian Commodity Exchange. Despite the decline, benchmark palm oil futures remained on course to post a second consecutive weekly gain.
According to Reuters, the benchmark October 2026 CPO contract on the Bursa Malaysia Derivatives (BMD) fell by RM24 per metric ton, or 0.52%, to RM4,582 (US$1,123.59) per metric ton in early trading.
The decline mirrored losses in China’s vegetable oil market, which weighed on overall sentiment in the global palm oil market. Even so, the benchmark contract has still gained 1.53% so far this week, indicating resilient buying interest despite ongoing volatility across competing edible oil markets.
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In contrast to the weaker performance in Malaysia, Indonesia’s domestic CPO market recorded a modest increase.
Based on trading data obtained by Palmoilmagazine.com, the CPO price at PT Kharisma Pemasaran Bersama Nusantara (KPBN) was set at IDR 15,700 per kilogram on Friday. The price increased by IDR 50/kg, or approximately 0.32%, compared with IDR 15,650/kg recorded on Thursday (July 16, 2026).
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The increase in KPBN prices suggests that Indonesia’s domestic market remains relatively firm despite pressure on Malaysian futures. The divergence highlights stronger local demand and supply dynamics that continue to support domestic CPO prices amid fluctuations in the global vegetable oil market. (P3)
