India’s stronger vegetable oil imports and resilient export prospects lifted market sentiment, although competing vegetable oils and weaker energy prices limited gains in global CPO futures.
PALMOILMAGAZINE, KUALA LUMPUR — Crude palm oil (CPO) futures on the Bursa Malaysia Derivatives extended their positive momentum on Wednesday (Aug. 5, 2026), marking gains for the second consecutive session. The upward movement was supported by market optimism over resilient palm oil export prospects, particularly from key importing countries.
According to Reuters, the benchmark CPO futures contract for October 2026 delivery on Bursa Malaysia Derivatives rose RM14 per tonne, or around 0.3%, to RM4,710 per tonne by midday trading. The same contract had surged 1.45% in the previous session, indicating that bullish sentiment remained intact.
Also Read: Malaysia CPO Futures Rebound to RM4,660 on Stronger Vegetable Oils, Crude Oil Recovery
A key factor supporting prices was stronger demand from India, the world’s largest palm oil importer. Latest data showed that India’s vegetable oil imports in July 2026 reached their highest level in 10 months. The increase was driven by higher purchases from refiners seeking to rebuild inventories ahead of the festival season, amid declining domestic stocks.
The stronger buying activity from India is expected to provide additional support for global palm oil demand in the coming months.
However, gains in CPO prices were capped by weakness in other vegetable oil markets and global crude oil prices. On China’s Dalian Commodity Exchange, the most-active soybean oil futures contract declined 0.18%, while palm oil futures advanced 1.13%. Meanwhile, soybean oil prices on the Chicago Board of Trade (CBOT) edged down 0.07%.
Also Read: KPBN Inacom CPO Tender Withdrawn as Malaysian Palm Oil Futures Extend Gains
KPBN CPO Prices Decline
In Indonesia’s domestic market, CPO prices traded through PT Kharisma Pemasaran Bersama Nusantara (KPBN) were adjusted lower on Wednesday (Aug. 5, 2026). The trading session recorded a withdrawal (WD), with the highest bid price set at IDR 15,688 per kilogram.
The KPBN CPO price therefore decreased by IDR 112 per kilogram, or around 0.71%, compared with Tuesday’s (Aug. 4, 2026) price of IDR 15,800 per kilogram.
Global CPO price movements are expected to remain influenced by demand trends from major importing countries, vegetable oil inventory developments, and fluctuations in global energy commodity prices. (P3)
