Palm oil markets show mixed trends amid biodiesel policy calls

Crude palm oil (CPO) prices showed mixed movements in early September 2026. At PT Kharisma Pemasaran Bersama Nusantara (KPBN), CPO prices experienced a withdrawal on Tuesday, September 8, with the highest offer price reaching Rp15,957/kg, a decrease of approximately 0.51% from the previous day. This followed a slight increase on Monday, September 7, where the highest offer was Rp16,038/kg.

In contrast, CPO futures on the Bursa Malaysia Derivatives continued a three-session winning streak. On Tuesday, the November 2026 contract rose by RM21 per ton to RM4,999 per metric ton, driven by rising global crude oil prices and strength in competing vegetable oils. Similar upward trends were noted in soybean oil prices at the Dalian Commodity Exchange and the Chicago Board of Trade.

Separately, in Indonesia, PT Pertamina Patra Niaga has urged the government to implement a single weighted price policy for Fatty Acid Methyl Ester (FAME). The company stated that such a policy is essential to ensure fair competition and address logistical challenges in the supply chain for B50 biodiesel production, particularly given the geographic distribution of FAME sources across the country.