Malaysian CPO futures gained 0.42% in early trading on Tuesday, supported by stronger competing vegetable oils and crude oil prices, while Indonesia’s KPBN tender moved lower.
PALMOILMAGAZINE, JAKARTA — Malaysian crude palm oil (CPO) futures on Bursa Malaysia Derivatives extended their gains for a third consecutive trading session on Tuesday, September 8, 2026, supported by firmer prices for competing vegetable oils and stronger global crude oil prices.
The benchmark November 2026 CPO contract on Bursa Malaysia Derivatives Exchange rose RM21 per metric tonne, or around 0.42%, to RM4,999 per tonne in early trading. The move brought the benchmark contract closer to the psychologically important RM5,000-per-tonne level.
Also Read: Indonesia’s KPBN CPO Price Rises to Rp 16,038/kg on Monday, September 7
According to Reuters, the gains in CPO futures were in line with positive movements across several other vegetable oil markets. On the Dalian Commodity Exchange (DCE), the most-active soybean oil contract rose 0.42%, while the palm oil contract posted a stronger gain of 1.67%.
Soybean oil prices on the Chicago Board of Trade (CBOT) also advanced, rising 0.59%.
Currency movements provided additional support to CPO prices. The Malaysian ringgit weakened 0.05% against the US dollar, making ringgit-denominated palm oil relatively more attractive to buyers holding other currencies.
Also Read: KPBN CPO Price Falls to IDR 15,957/kg on Tuesday (Sept. 8), Malaysia Futures Near RM5,000
Indonesia’s KPBN CPO Tender Moves Lower
In contrast to the gains in Malaysian CPO futures, Indonesia’s CPO tender market moved lower on Tuesday.
The PT Kharisma Pemasaran Bersama Nusantara (KPBN) tender ended in a withdrawal (WD), with the highest bid recorded at IDR 15,957 per kilogram. The bid was down IDR 81/kg, or approximately 0.51%, from IDR 16,038/kg recorded on Monday, September 7.
Also Read: Indonesia Raises September CPO Reference Price 1.10% to US$1,007.51/MT
The contrasting price movements highlight the divergence between Indonesia’s physical CPO tender market and Malaysian futures. While the global market continued to receive support from firmer competing vegetable oils and crude oil prices, domestic Indonesian bids remained under pressure. (P3)
