Higher Malaysian palm oil inventories and weaker Chicago soybean oil prices weighed on CPO futures, although the benchmark contract still posted a weekly gain.
PALMOILMAGAZINE, JAKARTA — Malaysian crude palm oil (CPO) futures closed lower on Friday (August 14, 2026), pressured by higher palm oil inventories in Malaysia and weaker soybean oil prices on the Chicago Board of Trade (CBOT).
The benchmark CPO futures contract for October 2026 delivery on the Bursa Malaysia Derivatives Exchange fell RM13 per tonne, or 0.28%, to close at RM4,711 per tonne. Despite the daily decline, the contract gained 0.73% over the week.
Also Read: Malaysian CPO Price Rises to RM4,724 per Tonne, KPBN Inacom Climbs to IDR 15,688/kg
Market sentiment was weighed by rising palm oil inventories in Malaysia. Data from the Malaysian Palm Oil Board (MPOB) showed that the country’s palm oil stocks at the end of July reached their highest level in five months.
The increase in inventories came as palm oil production remained relatively high, while export demand had yet to fully absorb the additional supply entering the market.
Malaysia’s price movement contrasted with Indonesia’s domestic CPO market. CPO traded through PT Kharisma Pemasaran Bersama Nusantara (KPBN) was set at IDR 15,700/kg on Friday, up IDR 12/kg, or 0.08%, from IDR 15,688/kg on Thursday (August 13).
Also Read: KPBN CPO Price Rises to IDR 15,700/kg on Friday, Aug. 14, 2026
Meanwhile, global vegetable oil markets posted mixed movements. On the Dalian Commodity Exchange, the most-active soybean oil contract rose 1.04%, while the most-active palm oil contract gained 1.43%.
In contrast, soybean oil prices on the Chicago Board of Trade fell 0.37%, adding pressure to the broader vegetable oil complex.
Also Read: GAPKI and Forwatan Strengthen Media Synergy for Better Palm Oil Communication
With Malaysian palm oil inventories remaining elevated, market participants are expected to closely monitor production and export developments in August to assess whether demand can absorb the additional supply.
The increase in Indonesia’s KPBN CPO price, meanwhile, highlights the different dynamics in the domestic market amid pressure on Malaysian palm oil futures. (P3)
