Malaysia CPO futures fell by as much as RM81/ton, while the highest bid in Indonesia’s KPBN Inacom tender declined IDR 234/kg to IDR 15,666/kg amid weaker Malaysian palm oil export estimates.
PALMOILMAGAZINE, JAKARTA — Malaysian palm oil futures closed lower on the Bursa Malaysia Derivatives on Thursday, September 10, 2026, pressured by indications of weaker palm oil exports during the first 10 days of September, despite gains in global crude oil prices.
The decline in Malaysian exports became a key focus for market participants as they assessed near-term demand for palm oil.
Also Read: Malaysia CPO Prices Fall Wednesday (Sept. 9), November Contract at RM4,967
According to Bernama, September and October 2026 CPO futures each fell RM71 per ton, closing at RM4,598 and RM4,716 per ton, respectively.
The November 2026 contract declined RM81 to RM4,885 per ton, while the December contract fell RM76 to RM5,033 per ton. The January 2027 contract dropped RM66 to RM5,154 per ton.
The February 2027 contract declined RM52 to RM5,248 per ton.
Also Read: Malaysia CPO Futures Rise for Third Session, November Contract Nears RM5,000
In the physical market, September CPO prices in Southern Malaysia fell RM30 to RM4,650 per ton.
Malaysia Palm Oil Exports Decline
AmSpec data showed that Malaysian palm oil exports during September 1–10, 2026, reached 357,194 tons, down 17.46% from 432,742 tons during the same period in August.
Intertek Testing Services (ITS), meanwhile, estimated Malaysian palm oil exports at 393,295 tons, representing an 11.71% decline from 445,466 tons in the corresponding period of the previous month.
Also Read: Indonesia Raises September CPO Reference Price 1.10% to US$1,007.51/MT
The contrasting estimates nevertheless pointed to a common trend: Malaysian palm oil shipments weakened during the first 10 days of September.
Indonesia’s KPBN Inacom CPO Price
In Indonesia, CPO prices at the PT Kharisma Pemasaran Bersama Nusantara (KPBN) tender also declined on Thursday.
The highest CPO bid was recorded at IDR 15,666/kg, down IDR 234/kg, or around 1.47%, from IDR 15,900/kg on Wednesday, September 9.
Also Read: CPO KPBN Inacom Falls to IDR 15,666/kg on Thursday, CIF Rotterdam at US$1,595
The decline in the KPBN Inacom tender came alongside weaker CPO futures on Bursa Malaysia, pointing to continued pressure across the regional palm oil market amid signs of softer Malaysian export demand.
However, stronger crude oil prices could provide some support to vegetable oil markets by improving the relative competitiveness of palm-based biodiesel. (P3)
