November CPO futures gained 0.89% to RM4,859 per metric ton on Friday, supported by stronger soybean oil prices and concerns over palm oil production, but the contract remained down 3.41% for the week.
PALMOILMAGAZINE, KUALA LUMPUR — Crude palm oil (CPO) futures on Bursa Malaysia Derivatives rebounded in Friday’s trading (Aug. 28, 2026), supported by stronger soybean oil prices and concerns over the outlook for palm oil production in the coming months.
According to Reuters, the benchmark CPO contract for November 2026 delivery rose RM43 per metric ton, or 0.89%, to RM4,859 per metric ton at the midday trading break.
Despite Friday’s recovery, CPO futures remained under pressure throughout the week. As of Friday, the benchmark contract was down around 3.41% on a weekly basis, putting the market on track to end a three-week winning streak.
Also Read: Bursa Malaysia CPO Futures Rise to RM4,887/Ton After Two Sessions of Losses
KPBN CPO Price Also Rises
In Indonesia, the CPO price set by PT Kharisma Pemasaran Bersama Nusantara (KPBN) rose on Friday.
KPBN set its CPO price at IDR 15,800 per kg, up IDR 92 per kg, or 0.59%, from the highest bid of IDR 15,708 per kg recorded on Thursday (Aug. 27).
Also Read: CPO Prices Rise: KPBN Inacom Sets IDR 15,800/Kg as Malaysia Futures Gain 0.89%
The firmer domestic price came as global vegetable oil markets provided additional support for palm oil.
The most-active soybean oil contract on the Dalian Commodity Exchange rose 1.27%, while the palm oil contract on the same exchange gained 0.49%.
Soybean oil prices on the Chicago Board of Trade (CBOT) also strengthened, rising 2.31%.
Also Read: GAPKI and PWI Strengthen Media Partnership to Support Indonesia’s Palm Oil Industry
The gains in competing vegetable oils helped improve sentiment across the edible oils complex, providing support for palm oil futures despite the broader weekly decline. (P3)
