Malaysian crude palm oil (CPO) futures slipped 1.02% on June 30, 2026, as the benchmark September 2026 contract fell to RM4,541 per metric ton, roughly $1,116.55. The decline followed weaker soybean oil prices and market expectations that Malaysia’s palm oil output will rise in the second half of the year.

Despite the daily drop, the September contract posted a monthly gain of about 1.1% for June, reversing two straight months of losses. Analysts attribute the softness mainly to the fall in soybean oil during Asian trading hours, while forecasts of higher Malaysian production dampen bullish sentiment.

Indonesia’s domestic CPO auction on Tuesday ended in a withdrawal, with the highest bid recorded at IDR15,397 per kilogram—down IDR288 per kilogram, or roughly 1.84%, from Monday’s IDR15,685. The softer local demand mirrors the broader slump in global vegetable oil markets.

Soybean oil futures fell 0.11% on Dalian’s exchange and 0.51% on Chicago’s CBOT, underscoring weakness across the vegetable oil complex. Market watchers note that short‑term palm oil prices will remain tied to Malaysian output trends, import demand from major buyers, and price movements in competing oils, especially soybean.