Most benchmark CPO contracts on Bursa Malaysia ended lower as traders monitored improving supply prospects and softer competing vegetable oil prices.
PALMOILMAGAZINE, KUALA LUMPUR — Malaysian crude palm oil (CPO) futures closed mostly lower on Thursday, August 6, 2026, pressured by declining crude oil and soybean oil prices as traders continued to assess expectations of higher palm oil production and inventories in the coming weeks.
According to Bernama, market participants remained cautious over improving supply prospects, limiting buying interest and weighing on most benchmark CPO contracts.
Also Read: Malaysia Palm Oil Futures Strengthen on India Demand Outlook
At the close, the September 2026 contract fell RM21 to RM4,625 per tonne, while the October 2026 contract declined RM16 to RM4,686 per tonne. The November 2026 contract also eased RM12 to RM4,733 per tonne.
The December 2026 contract slipped RM8 to RM4,775 per tonne, while the January 2027 contract edged RM2 lower to RM4,815 per tonne.
The August 2026 contract was the only gainer, rising RM15 to close at RM4,534 per tonne, bucking the broader downward trend across the market.
Also Read: Palm Oil Exports Remain a Key Driver of Indonesia’s Trade Performance
The softer performance in Malaysia was also reflected in Indonesia’s physical CPO market. On the same day, the benchmark CPO price set by PT Kharisma Pemasaran Bersama Nusantara (KPBN) was IDR 15,650 per kilogram, down IDR 38/kg, or 0.24%, from the highest bid of IDR 15,688/kg recorded a day earlier.
The movement underscores the close relationship between Indonesia’s physical CPO market and regional futures trading, with industry participants continuing to monitor production, inventory levels, and broader trends in global vegetable oil and energy markets, all of which remain key drivers of palm oil prices. (P3)
