Malaysia’s palm oil futures rose for a second consecutive session, supported by stronger crude oil prices amid concerns over potential energy supply disruptions, while Indonesia’s KPBN CPO price edged higher to IDR 15,702/kg.
PALMOILMAGAZINE, JAKARTA — Malaysian palm oil futures rose for a second consecutive session on Tuesday (Sept. 15, 2026), supported primarily by gains in global crude oil prices as concerns over potential disruptions to energy supplies continued to underpin the market.
According to Reuters, the benchmark November 2026 crude palm oil (CPO) contract on Bursa Malaysia Derivatives Exchange had gained RM46 per metric ton, or 0.95%, to RM4,896 per ton by midday. The price was equivalent to approximately US$1,200.59 per ton.
Also Read: Malaysia CPO Futures Gain, January–February 2027 Contracts Come Under Pressure
Higher crude oil prices also provided support to palm oil by improving the relative appeal of vegetable oils as feedstocks for biodiesel. The factor helped underpin the broader vegetable oil market, although competing oils moved in mixed directions.
In Indonesia’s physical market, the highest CPO offer price at PT Kharisma Pemasaran Bersama Nusantara (KPBN) was recorded at IDR 15,702/kg on Tuesday (Sept. 15), with the tender marked as withdrawn.
The price was up IDR 2/kg, or around 0.01%, from the highest offer of IDR 15,700/kg recorded on Monday (Sept. 14).
Also Read: KPBN Inacom CPO Tender Withdraws on Tuesday (Sept. 15), Highest Bid at IDR 15,702/kg
Global vegetable oil markets showed divergent movements. The most-active soybean oil futures contract on the Dalian Commodity Exchange fell 0.91%, while palm oil futures in Dalian declined 0.38%.
Meanwhile, soybean oil futures on the Chicago Board of Trade (CBOT) edged up 0.07%.
The mixed performance among competing vegetable oils indicates that Malaysian CPO prices are gaining ground against a backdrop of uneven market sentiment. Crude oil prices, biodiesel demand prospects and movements in rival vegetable oils are expected to remain key factors watched by market participants. (P3)
