Malaysia’s benchmark CPO contract fell for a fourth consecutive session on Sept. 30, ending the month at its lowest close since July 21, while the KPBN Inacom CPO tender also weakened.
PALMOILMAGAZINE, JAKARTA, INDONESIA — Malaysian crude palm oil (CPO) futures extended their decline on Wednesday (Sept. 30, 2026), marking a fourth consecutive losing session and closing September with their first monthly decline in four months.
The benchmark December 2026 CPO contract on Bursa Malaysia Derivatives fell RM12 per metric ton, or 0.26%, to RM4,612 per metric ton, according to Reuters.
Also Read: Malaysia CPO Futures Drop RM35 to RM4,629, Hit Lowest Level in 8 Weeks
The closing level was the lowest for the benchmark contract since July 21. Over September, the contract declined 5.76%, marking a reversal after three consecutive months of gains.
Market sentiment was pressured by growing concerns over a potential increase in palm oil inventories, particularly as the market moves toward a period when production is expected to strengthen.
CPO prices also came under pressure despite gains in several competing vegetable oils. The most-active soybean oil contract on the Dalian Commodity Exchange rose 1.32%, while the most-active palm oil contract on the same exchange edged up 0.10%.
Also Read: Malaysian CPO Futures Mixed Monday (Sept. 28), KPBN CPO Rises to IDR 15,075/kg
Meanwhile, soybean oil futures on the Chicago Board of Trade (CBOT) gained 0.06%.
KPBN CPO Price Falls IDR 129/kg
Indonesia’s domestic CPO market also weakened at the end of September.
At PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom, the CPO tender on Wednesday was recorded as withdrawn (WD), with the highest bid at IDR 14,921/kg.
Also Read: KPBN Inacom CPO Price Falls to IDR 14,921/kg Wednesday, Sept. 30, as Rotterdam Prices Move Mixed
The price was down IDR 129/kg, or 0.86%, from IDR 15,050/kg recorded on Tuesday (Sept. 29).
The simultaneous weakness in Malaysia’s futures market and the KPBN domestic tender left CPO prices under pressure at the end of September.
Going forward, market participants will monitor developments in palm oil inventories, production, exports and competing vegetable oil prices, which are likely to remain key factors influencing CPO price direction. (P3)
