Quick Note - ASEAN palm oil - Key newsflow (June 6 – 12)

Research evidence excerpt

Quick Note - ASEAN palm oil - Key newsflow (June 6 – 12)

Global Markets Research

12 June 2026ASEAN palm oil

EQUITY: AGRI-RELATED

Key newsflow (June 6 – 12) Research Analysts

ASEAN Agri-Related

Raghavendra Divekar, CFA - NSMQuick Note raghavendra.divekar@nomura.com

+603 2027 6893

Fig. 1: Nomura CPO price gauge

Research Associates We expect CPO prices to remain at ~MYR4,500/MT by 18 June 2026

Amol Dongre - NSFSPL

Source: Nomura estimates

We expect CPO prices to remain at ~MYR4,500/MT by 18 June 2026

The spot price for CPO (crude palm oil) declined over 1% w-w to MYR4,493/MT in the

week ended 11 June, according to the Malaysian Palm Oil Board (MPOB). This we believe

was largely due to rising inventory levels in Malaysia and improving exports. For the next

week, we expect prices to remain relatively steady as concerns around higher palm oil

supply is balanced by rising exports. Overall, we expect the average CPO price to

remain at MYR4,500/MT by 18 June. However, if there is de-escalation of the West Asia

conflict, CPO prices could decline to ~MYR4,400/MT, in our view.

Indonesia scales back commodity export centralization plan

According to Bloomberg News (link), Indonesia is retreating from its controversial

proposal to centralize exports of strategic commodities following pushback from buyers

and exporters. According to government officials, authorities will instead implement

enhanced monitoring mechanisms on key commodity exports to prevent underreporting of

shipment values and tax evasion. We believe this represents a significant policy shift from

the original plan, which would have funnelled overseas sales of coal, palm oil, and

ferroalloys through a state-linked entity Danantara (unlisted), a proposal which raised