Malaysian CPO Price Falls to RM4,711 per Tonne as Rising Stocks Pressure Market
15/08/2026 (Palm Oil Magazine), Jakarta - Malaysian crude palm oil (CPO) futures closed lower on Friday (August 14, 2026), pressured by higher palm oil inventories in Malaysia and weaker soybean oil prices on the Chicago Board of Trade (CBOT).
The benchmark CPO futures contract for October 2026 delivery on the Bursa Malaysia Derivatives Exchange fell RM13 per tonne, or 0.28%, to close at RM4,711 per tonne. Despite the daily decline, the contract gained 0.73% over the week.
Market sentiment was weighed by rising palm oil inventories in Malaysia. Data from the Malaysian Palm Oil Board (MPOB) showed that the country’s palm oil stocks at the end of July reached their highest level in five months.
The increase in inventories came as palm oil production remained relatively high, while export demand had yet to fully absorb the additional supply entering the market.
Malaysia’s price movement contrasted with Indonesia’s domestic CPO market. CPO traded through PT Kharisma Pemasaran Bersama Nusantara (KPBN) was set at IDR 15,700/kg on Friday, up IDR 12/kg, or 0.08%, from IDR 15,688/kg on Thursday (August 13).
Meanwhile, global vegetable oil markets posted mixed movements. On the Dalian Commodity Exchange, the most-active soybean oil contract rose 1.04%, while the most-active palm oil contract gained 1.43%.
In contrast, soybean oil prices on the Chicago Board of Trade fell 0.37%, adding pressure to the broader vegetable oil complex.
With Malaysian palm oil inventories remaining elevated, market participants are expected to closely monitor production and export developments in August to assess whether demand can absorb the additional supply.
The increase in Indonesia’s KPBN CPO price, meanwhile, highlights the different dynamics in the domestic market amid pressure on Malaysian palm oil futures. (P3)