Palm oil futures prices on the Bursa Malaysia exchange recorded their fourth consecutive day of decline on February 13, 2026. With this development, this important vegetable oil commodity is heading towards a second consecutive week of price drops due to negative impacts from related markets and cautious investor sentiment.
Vegetable oil price trends on major exchanges
At the close of morning trading on February 13, 2026, the FCPOc3 palm oil contract for April 2026 delivery on the Bursa Malaysia exchange fell 29 ringgit, or 0.72%, to close at 4,008 ringgit per ton (equivalent to US$1,028.75 per ton). Overall, from the beginning of the week until midday, the contract value had decreased by a total of 3.51%.
Selling pressure also spread to other commodity exchanges. On the Dalian Commodity Exchange (China), soybean oil prices DBYcv1 fell 0.86%, while palm oil prices DCPcv1 dropped 1.54%. Similarly, on the Chicago Commodity Exchange (USA), soybean oil prices Bocv1 also recorded a 0.33% decrease during the same trading session.
Factors affecting market sentiment
The decline in global crude oil prices is one of the main reasons putting pressure on the vegetable oil market. As crude oil prices fall due to weak demand, palm oil becomes less attractive as a feedstock for biodiesel production. Additionally, the upcoming closure of the Chinese market for the Lunar New Year holiday from February 16th to 23rd, 2026, has also contributed to quieter trading activity.
Notably, the Malaysian ringgit depreciated slightly by 0.08% against the US dollar. The weakening of the domestic currency somewhat supported palm oil prices by making the commodity cheaper for foreign buyers, helping to limit a deeper market decline.
Tax policy and supply outlook
According to an announcement from the Malaysian Palm Oil Board (MPOB), the country has raised its benchmark crude palm oil price for March 2026 to 3,896.09 ringgit (US$996.95) per ton, up from 3,846.84 ringgit per ton in February. However, the export duty remains stable at 9%.
In Indonesia, analysts believe that the temporary halt in biofuel production expansion and expectations of increased output in the coming months could continue to put pressure on palm oil prices. However, sustained strong demand and a slowdown in overall production growth are projected to help curb the commodity's decline in the short term.
Technically, Reuters analyst Wang Tao believes palm oil prices could retest the 4,018 ringgit/tonne support level after a slight recovery earlier.
Source: https://baonghean.vn/gia-dau-co-the-gioi-giam-tuan-thu-hai-lien-tiep-xuong-muc-4008-ringgittan-10323642.html
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