Malaysian palm oil futures strengthened on Tuesday, supported by firm export demand, higher crude oil prices and bargain buying, while Indonesia’s KPBN CPO price rose to IDR 15,702 per kg.
PALMOILMAGAZINE, JAKARTA — Crude palm oil (CPO) prices strengthened in both Malaysia and Indonesia on Tuesday (Aug. 11, 2026). On Bursa Malaysia Derivatives, the August 2026 CPO futures contract rose RM17 to RM4,562 per tonne, while Indonesia’s KPBN Inacom CPO price increased by IDR 34 per kg to IDR 15,702 per kg.
The September 2026 contract also gained RM17 to RM4,648 per tonne, while the October 2026 contract advanced RM25 to RM4,748 per tonne, approaching the RM4,750 level.
Also Read: Malaysia CPO Prices Hit Four-Month High at RM4,724 per Ton
According to Bernama, CPO futures on Bursa Malaysia Derivatives closed higher, supported by rising crude oil prices amid escalating tensions in West Asia.
David Ng, a proprietary trader at Iceberg X Sdn Bhd, said strong CPO export demand in recent weeks had also provided support to market sentiment in the near term.
“Strong export demand recently has provided further support to market sentiment in the near term,” Ng said.
Also Read: KPBN CPO Price Rises to IDR 15,702/Kg on Aug. 11, 2026
Meanwhile, Anilkumar Bagani, head of commodity research at Mumbai-based Sunvin Group, said the rise in CPO futures was also driven by bargain buying.
According to Bagani, the widening discount of CPO against gas oil encouraged renewed buying interest in the palm oil market.
Higher prices for refined, bleached and deodorised (RBD) palm olein futures on the Dalian Commodity Exchange also provided additional support to CPO prices.
Also Read: PTPN IV PalmCo Profit Jumps 54% to IDR 3.23 Trillion in H1 2026 on Higher CPO Prices
KPBN CPO Price Also Rises
The firmer global palm oil market was also reflected in Indonesia, where the CPO price set by PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom rose to IDR 15,702 per kg on Tuesday.
The price increased by IDR 34 per kg, or around 0.22%, from IDR 15,668 per kg on Monday (Aug. 10).
The increase in the KPBN price indicates that Indonesia’s domestic CPO market is also benefiting from positive sentiment in global palm oil markets.
Also Read: North Sumatra TBS Prices Fall Aug. 5–11, 2026, 10–20-Year-Old Palms at IDR 3,934/kg
With CPO futures strengthening in both Bursa Malaysia and the Indonesian KPBN market, the palm oil market entered mid-August with support from relatively firm export demand, higher crude oil prices and improving Malaysian palm oil exports.
Market participants, however, will continue to monitor developments in West Asia, energy prices and upcoming palm oil production and export data to assess whether the current upward trend can be sustained. (P3)
