PETALING JAYA: Crude palm oil (CPO) prices appear to be tethered to oil price movements for the time being. As such, prices today are largely seen as sustainable and would continue to move in tandem with oil prices – of which Brent crude oil had last traded at US$97.89 per barrel. “Elevated crude prices improve the economics of biodiesel, thereby boosting demand for palm oil as an alternative fuel feedstock. The Malaysian Palm Oil Council (MPOC) said the recent vegetable oil price uptrend is supported by the Iran war coupled with the prolonged consolidation that was seen since mid-2025. In comparison, rapeseed oil rose 4%, sunflower oil increased 3%, while soybean oil gained only 1% in the global market,” the MPOC said in a statement late last week.

Source: The Star March 26, 2026 03:07 UTC