Market SnapshotPrice and Change %
FCPO & PalmFCPO (3rd Month)
——
Cash CPO (Malaysia)
——
RBD Palm Olein
Competing Oils——
Dalian RBD Olein
1,251+0.9%
Dalian Soybean Oil
1,251+0.9%
CBOT Soybean Oil
1,251+0.9%
Argentina SBO
1,185−0.4%
Sunflower Oil
Energy & FX1,251+0.9%
Crude Oil (Brent)
——
USD / MYR
——
Physical PricesTrade Now
USD/MT fobMalaysia CPO (local)
1,130MYR
Indonesia CPO (fob)
1,002−0.8%
India CPO (landed)
1,045+0.2%
China CPO (import)
1,090−1.1%
Rotterdam CPO (Jun)
FFB Farmgate1,163−0.9%
FFB Malaysia (avg)
820+1.2%
FFB Indonesia (avg)
Derivatives780+0.9%
PFAD (fob)
1,040
ISCC POME
680+0.3%
UCO (ex-EU)
890−0.5%
Refined ProductsUSD/MT
OleinIndia Palm Olein1,068
Rotterdam Olein1,178
Indonesia Olein1,155
Palm StearinIndonesia Stearin980
Malaysia Stearin995
LauricsCPKO1,450
RBD Palm Kernel Oil1,520
Coconut Oil1,680
CPO Reference PricesExport Tax · Levy · Total Cost
🇲🇾 Malaysia
Reference PriceUSD 1,014/MT
Export Tax (8%)USD 81/MT
DutyUSD 0
LevyUSD 15/MT
Total CostUSD 1,110/MT
🇮🇩 Indonesia
Reference PriceUSD 1,002/MT
Export Tax (10%)USD 100/MT
LevyUSD 85/MT
Flush FundUSD 60/MT
Total CostUSD 1,247/MT
FCPO Forward CurveJun 26 – Mar 27
| Contract | Sett | Chg | OI |
|---|---|---|---|
| Jun 26 | 4,531 | — | — |
| Aug 26 | 4,601 | — | — |
| Sep 26 | 4,629 | — | — |
| Dec 26 | 4,712 | — | — |
| Mar 27 | 4,717 | — | — |
Currency MonitorPalm Oil FX
| USD / MYR | 4.067 | — |
| IDR / USD | 17,989 | — |
| INR / USD | 95.78 | — |
| USD Index | 99.413 | — |
| EUR / USD | 1.0820 | — |
| CNY / USD | 6.774 | — |
MYR/USD — 12 Month Trend
CPO vs Soybean Oil Spread9M trend (USD/MT)
Note
CPO–Soybean spread at −258 USD/MT. A wider discount supports palm oil demand from price-sensitive buyers in India and Pakistan.
CPO vs Brent Crude Spread9M trend (USD/MT)
Note
CPO-Brent spread supports biodiesel competitiveness via POGO linkage.
Oil Price ComparisonUSD/MT
Palm OleinSoybeanSunflowerCPO
Key SpreadsUSD/MT or MYR/MT
CPO vs Soy Oil (CBOT)
—USD/MTBOPO spread
CPO vs Soy Oil (Argy)
—USD/MTExport-supportive
CPO vs Sunflower Oil
—USD/MTDemand-competitive
CPO vs Gasoil (POGO)
—USD/MTBiodiesel-viable
Malaysia-Indonesia Premium
—MYR/MTMY premium intact
Jan-Feb Calendar Spread
—MYR/MTModest contango
RBD Olein Premium
—MYR/MTCompressing
Biodiesel Economics & Mandate TrackerCPO–Gasoil linkage
CPO Price
4,551MYR/MT
Gasoil Price
87.71USD/bbl
CPO–Gasoil (POGO)
+76USD/MT
Biodiesel Margin
+412MYR/MT
🇮🇩 Indonesia — B50 MandateIn Progress
38% facility readinessBPDPKS Fund
USD 3.2B
Subsidy / Litre
USD 0.18
CPO Vol Needed
14.7 MMT
🇲🇾 Malaysia — B20 MandateOn Track
92% facility readinessMPOB Subsidy
MYR 1.1B
Subsidy / Litre
MYR 0.32
CPO Vol Needed
2.8 MMT
Analyst View
Price BiasBullish
Target Range4,490–4,630
UnitMYR/MT
ConfidenceMedium
Time Frame1–4 weeks
Bullish Factor
B50 scale-up adds ~1.8 MMT demand uplift in H2 2026
Risk Factor
BPDPKS funding shortfall could delay B50 rollout
Research House ForecastsCPO MYR/MT avg
| House | 2026F | 2027F | Bias |
|---|---|---|---|
| Affin Hwang IB | 4,200 | 4,000 | Neutral |
| Maybank IB | 4,300 | 4,100 | Bullish |
| CIMB Research | 4,100 | 3,900 | Neutral |
| RHB Research | 4,250 | 4,050 | Bullish |
| UOB Kay Hian | 4,150 | 3,950 | Neutral |
| Public Invest | 4,350 | 4,150 | Bullish |
Avg 2026F
4,225
Avg 2027F
4,025
Consensus
Neutral
Plantation Co. ForecastsCPO MYR/MT avg
| Company | 2026F | 2027F | Bias |
|---|---|---|---|
| IOI Corporation | 4,100 | 3,900 | Cautious |
| Sime Darby Plant. | 4,200 | 4,000 | Neutral |
| KLK | 4,300 | 4,200 | Bullish |
| FGV Holdings | 4,150 | 4,000 | Neutral |
| Genting Plant. | 4,250 | 4,100 | Bullish |
| TSH Resources | 4,350 | 4,200 | Bullish |
Avg 2026F
4,225
Avg 2027F
4,075
Consensus
Bullish