CPO Price Falls 2.7%, Nickel and Tin Also Weaken

Global prices for a range of commodities softened on Thursday, 21 May 2026, including crude palm oil (CPO), nickel and tin. While prices came under pressure, the government announced a new phased framework for the governance of export of natural-resource commodities to be implemented from 1 June 2026.

According to Trading Economics, crude palm oil (CPO) fell 2.73% to 4,458 Malaysian ringgit per tonne. Tin prices were down 1.45% at 53,248 US dollars per tonne.

Oil prices also declined. Bloomberg reported West Texas Intermediate (WTI) crude for July delivery down 1.9% at 96.35 US dollars per barrel in New York. The decline comes amid market speculation over a potential peace agreement between the United States and Iran that could reopen traffic through the Strait of Hormuz.

By contrast, coal prices were relatively flat. ICE Newcastle coal rose slightly by 0.07% to 137.55 US dollars per tonne, according to data cited by Barchart.

The policy was announced by Indonesian President Prabowo Subianto during his briefing on the Macro-Economic Framework and the Main Policy Lines for Fiscal 2027 (KEM-PPKF) at a plenary session of the DPR RI, on Wednesday, 20 May 2026. “Today, the Government of the Republic of Indonesia, which I lead, has completed a Government Regulation (PP) on the governance of export of natural-resource commodities,” Prabowo said. Under the new scheme, state-owned enterprises (BUMN) will play a central role in the export transactions of natural-resource commodities.