Malaysia’s benchmark CPO contract rose marginally on Thursday as stronger Dalian vegetable oil prices offset pressure from weaker crude oil and Chicago soybean oil prices.
PALMOILMAGAZINE, JAKARTA — Malaysia’s benchmark crude palm oil (CPO) futures ended largely steady on Thursday, September 24, 2026, as gains in competing vegetable oils traded in Dalian offset pressure from weaker crude oil and soybean oil prices in Chicago.
According to Reuters, the benchmark December 2026 CPO contract on Bursa Malaysia Derivatives Exchange rose RM3 per ton, or 0.06%, to RM4,771 per ton, equivalent to approximately US$1,168.22 per ton.
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Despite the marginal gain on Thursday, the benchmark contract remained down about 3.4% over the past four trading sessions.
Dalian Vegetable Oils Gain
Stronger vegetable oil prices in Dalian provided support to Malaysia’s CPO market.
The most actively traded Dalian soybean oil contract rose 0.39%, while the Dalian palm oil contract gained 0.68%.
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In contrast, soybean oil futures on the Chicago Board of Trade (CBOT) edged down 0.03%.
The divergent movements in global vegetable oil markets helped shape the direction of Malaysian CPO prices on Thursday. Gains in Dalian provided some support, offsetting pressure from weaker crude oil and Chicago soybean oil prices.
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Indonesia’s KPBN CPO Price Unchanged
In Indonesia’s domestic market, the CPO price at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 15,515 per kg on Thursday, September 24.
The price was unchanged from Wednesday, September 23, when KPBN Inacom’s CPO price also stood at IDR 15,515 per kg.
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The domestic CPO market therefore remained stable on Thursday, even as Malaysian CPO futures edged higher amid mixed movements across competing vegetable oils. (P3)
