Crude palm oil (CPO) prices rose during trading on Friday\n(11\/09\/2026), following three consecutive sessions of decline.<\/p>\n
According to Refinitiv data on Friday at 09:00 WIB, CPO prices were\nrecorded at MYR 4,939 per tonne, an increase of approximately 1.11%\ncompared to Thursday\u2019s closing price of MYR 4,885 per tonne. This\nmorning\u2019s rise provides relief after CPO fell significantly yesterday.\nThe November delivery CPO benchmark contract on the Bursa Malaysia\nDerivatives Exchange closed 81 ringgit, or 1.63%, lower on Thursday,\nextending a three-session decline.<\/p>\n
As reported by Reuters, Friday\u2019s CPO rebound was supported by the\nstrengthening of Dalian soybean oil and rising crude oil prices. The\nmost active soybean oil contract in Dalian rose by 0.53%.\nSimultaneously, the Malaysian ringgit weakened by 0.3% against the US\ndollar, making CPO relatively cheaper for buyers using foreign\ncurrencies.<\/p>\n
Global oil prices continued their surge on Friday trading as tensions\nin the Middle East heightened concerns over supply disruptions. By 09:00\nWIB on Friday, Brent crude was recorded at US$107.90 per barrel,\naccording to Refinitiv data. On the previous day, Thursday (10\/09\/2026),\nBrent closed at US$107.63 per barrel, jumping approximately 6.3% from\nWednesday\u2019s (09\/09\/2026) close of US$101.21 per barrel. This rise in\ncrude oil prices tends to act as a positive sentiment for CPO, as it\nmakes palm oil more competitive as a feedstock for biodiesel.<\/p>\n
Comparing CPO and Brent prices in US$ per tonne, the price gap\nnarrowed from approximately US$514 per tonne on 3 September to US$421\nper tonne on 11 September. This narrowing indicates that the relative\ncompetitiveness of CPO as a biodiesel feedstock improves when crude oil\nprices surge.<\/p>\n
Despite the support from rising crude oil prices, export demand\nremains a pressure point for CPO. Reuters noted that Malaysian palm oil\nproduct exports between 1\u201310 September fell by 11.7% to 17.5% compared\nto the same period in the previous month. Intertek Testing Services\n(ITS) recorded exports dropping 11.7% to 393,295 tonnes, down from\n445,466 tonnes during 1\u201310 August.<\/p>\n
This decline in exports adds pressure amidst Malaysian palm oil\ninventories, which reached an eight-month high in August. The\ncombination of weakening exports and high stocks continues to limit the\nupside for CPO, despite the support from crude oil and soybean oil\nprices.<\/p>\n
From a technical perspective, Reuters technical analyst Wang Tao\nestimates that CPO has the potential to rebound to the MYR 4,964\u2013MYR\n4,985 per tonne range after prices stabilised around the MYR 4,876 per\ntonne support level.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/cpo-prices-recover-from-slump-while-malaysian-exports-remain-weak-1789102564", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }