PALMOILMAGAZINE, JAKARTA — Crude palm oil (CPO) prices on Bursa Malaysia Derivatives reversed earlier losses to close higher on Thursday (August 13, 2026), supported by gains in competing vegetable oils on the Dalian exchange as traders awaited fresh catalysts to determine the market’s next direction.
According to Reuters, the benchmark October 2026 CPO contract on Bursa Malaysia Derivatives Exchange rose RM27 per tonne, or 0.57%, to close at RM4,724 per tonne. At that level, Malaysian CPO was equivalent to approximately US$1,156.43 per tonne.
The stronger performance in the Malaysian palm oil market tracked gains in other vegetable oils. The most-active soyoil contract on the Dalian exchange rose 0.5%, while its palm oil contract gained 0.4%.
Also Read: Malaysia CPO Futures Rise as August Contract Hits RM4,562/Tonne
Meanwhile, soyoil prices on the Chicago Board of Trade (CBOT) posted a more modest increase of around 0.06%.
The advance in competing vegetable oils provided positive sentiment for the palm oil market. As one of the world’s major edible oils, palm oil prices are closely influenced by movements in soyoil, Dalian palm oil futures, and developments in global demand.
In Indonesia’s domestic market, CPO prices offered through PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom also moved higher. On Thursday (August 13, 2026), KPBN Inacom set its CPO price at IDR 15,688 per kg.
Also Read: CPO Price Falls to IDR 15,602/kg as KPBN Inacom Tender Ends in Withdrawal
The price increased by IDR 86 per kg, or approximately 0.55%, compared with the highest offer of IDR 15,602 per kg recorded on Wednesday (August 12, 2026).
The strengthening domestic market mirrored the positive movement in Malaysian CPO prices. Looking ahead, market participants are expected to closely monitor palm oil production and inventory levels, export demand, and movements in competing vegetable oils for further direction. (A3)
