Malaysia’s benchmark CPO futures ended a six-session losing streak, supported by stronger Chicago soybean oil prices, while Indonesia’s KPBN CPO price edged down just IDR 3/kg.
PALMOILMAGAZINE, JAKARTA — Malaysian crude palm oil (CPO) futures rebounded on Monday (Oct. 5, 2026), ending a six-session losing streak as stronger soybean oil prices in Chicago provided support. Traders were also positioning ahead of the latest Malaysian palm oil production and inventory data from the Malaysian Palm Oil Board (MPOB).
According to Reuters, the benchmark December 2026 CPO contract on the Bursa Malaysia Derivatives Exchange rose RM43 per metric ton, or 0.95%, to RM4,578/ton, equivalent to approximately US$1,120.69/ton.
The rebound tracked gains across the broader vegetable oils market. Soybean oil futures on the Chicago Board of Trade (CBOT) rose 1.85% during the session, providing additional support to palm oil futures.
Meanwhile, the Dalian Commodity Exchange in China remained closed for a national holiday and is scheduled to resume trading on Oct. 8. With the Chinese market offline, attention in the palm oil complex has shifted toward global vegetable oil prices and the latest supply-demand signals from Malaysia.
Market participants are closely watching the upcoming MPOB data, which is expected to provide updated figures on Malaysian palm oil production, exports, imports and inventories. The data is considered a key indicator for assessing the balance between supply and demand and the potential direction of global CPO prices.
KPBN CPO Price Edges Lower
In Indonesia’s physical market, the CPO price set by PT Kharisma Pemasaran Bersama Nusantara (KPBN) stood at IDR 14,605/kg on Monday.
The price was down IDR 3/kg, or approximately 0.02%, from the highest bid of IDR 14,608/kg recorded on Friday (Oct. 2).
The marginal decline indicates a largely stable Indonesian physical CPO market at the start of the week, despite the recovery in Malaysian futures following six consecutive sessions of losses.
Global CPO futures, soybean oil prices and the upcoming MPOB supply-demand data are expected to remain key market drivers as traders assess the next direction for palm oil prices. (P3)
