Malaysia CPO Futures Drop RM35 to RM4,629, Hit Lowest Level in 8 Weeks

Malaysian palm oil futures fell for a third straight session on Tuesday, with the December contract pressured by weaker rival vegetable oils and expectations of higher Malaysian palm oil inventories as September exports are forecast to decline.

PALMOILMAGAZINE, JAKARTA — Malaysian crude palm oil (CPO) futures extended their decline on Tuesday (Sept. 29, 2026), with the benchmark December contract falling to its lowest level in eight weeks as weaker competing vegetable oils and expectations of rising Malaysian inventories weighed on sentiment.

According to Reuters, the December 2026 CPO contract on Bursa Malaysia Derivatives fell RM35 per metric ton, or about 0.75%, to RM4,629 per ton by the midday trading break. Based on the exchange rate cited in the report, the price was equivalent to approximately US$1,134.56 per ton.

Also Read: Malaysian CPO Futures Mixed Monday (Sept. 28), KPBN CPO Rises to IDR 15,075/kg

The decline marked the third consecutive session of losses and came as the market assessed prospects for higher Malaysian palm oil stocks in September. Palm oil production has remained relatively strong, while exports are expected to weaken during the month.

Malaysian September Exports Seen Declining

Cargo surveyors Intertek Testing Services and AmSpec Agri Malaysia estimated that Malaysian palm oil product exports during Sept. 1–25, 2026, fell by around 15.1%–24.3% from the corresponding period in August.

The expected decline in exports has become an important market factor as Malaysian palm oil supplies remain relatively ample.

Also Read: CPO Price Today (Sept. 29): KPBN Inacom Falls to IDR 15,050/Kg, Rotterdam Market Moves Mixed

Malaysian palm oil inventories had already risen to an eight-month high at the end of August. With production remaining firm and exports slowing, traders are assessing the possibility of further stock accumulation in September.

Rising inventories can weigh on prices when supply growth outpaces demand, adding to the bearish pressure on the futures market.

Rival Vegetable Oils Add Pressure

The CPO market was also influenced by movements in competing vegetable oils.

The most-active soybean oil contract on the Dalian Commodity Exchange fell 0.23%, while the Dalian palm oil contract declined 1.04%.

Also Read: Indonesian Smallholders Step Up Fire Patrols as Land Fires Spread

In contrast, soybean oil futures on the Chicago Board of Trade (CBOT) rose 0.72%.

The mixed performance across major vegetable-oil markets reflects differing supply and demand expectations, with traders continuing to monitor production, exports and inventory developments.

KPBN CPO Price Falls IDR25/kg

In Indonesia’s domestic market, the CPO price at PT Kharisma Pemasaran Bersama Nusantara (KPBN) was set at IDR15,050/kg on Tuesday (Sept. 29).

The price declined IDR25/kg, or approximately 0.17%, from IDR15,075/kg on Monday (Sept. 28).

Also Read: The Agrarian Reform Law and Investment Prospects of Palm Oil

The decline put both Malaysian CPO futures and the KPBN CPO tender price under pressure during Tuesday’s trading session.

Rotterdam Vegetable-Oil Market Mixed

Trading in vegetable oils on the Rotterdam market was mixed on Tuesday. CPO for October was quoted at 1,500, while the November contract stood at 1,520.

For olein (OLE), the October contract was quoted at 1,150 and November at 1,160, down 10 points. Soybean oil (SBO) was reported down 27 points.

Also Read: New Palm Oil Mill Breaks Ground in Bangka, Investment Expected to Create Jobs

Crude coconut oil (CNO) for October-November was quoted at 2,020, down 30 points, while the November-December contract stood at 2,030.

For palm kernel oil (PKO), the September-October contract rose five points to 2,085, while the October-November contract was quoted at 1,850.

The mixed movements underline the varied pressure facing the global vegetable-oil complex, while Malaysian CPO remains weighed down by expectations of higher inventories and weaker September exports.

Also Read: RSPO Calls for Coordinated Response to Indonesia Fires to Protect Communities and Wildlife

CPO Price Summary — Tuesday, Sept. 29, 2026

Note: Rotterdam prices follow the units and trading format provided in the source data. KPBN prices are stated in IDR/kg and exclude VAT.

(P3)