CPO Futures Plummet on Weakening Crude Oil Prices

Crude Palm Oil (CPO) futures on Bursa Malaysia Derivatives dropped for a second consecutive day, weighed down by falling crude oil prices and weakening vegetable oils markets.

According to Dr Sathia Varqa, senior analyst at Fastmarkets Palm Oil Analytics, the decline in CPO futures was driven by external factors, but traders are now shifting their focus back to palm oil fundamentals.

'Traders' sentiment is returning to palm oil fundamentals, with expectations of higher near-term production, while exports are also seen improving,' Dr Varqa said.

The August 2026 contract fell RM11 to RM4,540 per tonne, while the November 2026 contract dropped RM30 to RM4,675 per tonne. Trading volume increased to 91,139 lots from 62,982 lots on Monday.