ASEAN palm oil: Key newsflow (June 13 – 19) Quick Note

研报英文原文证据摘录

ASEAN palm oil: Key newsflow (June 13 – 19) Quick Note

Global Markets Research

19 June 2026ASEAN palm oil

EQUITY: AGRI-RELATED

Key newsflow (June 13 – 19) 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 25 June 2026

Amol Dongre - NSFSPL

Source: Nomura estimates

We expect CPO prices to remain at ~MYR4,500/MT by 25 June 2026

The spot price for CPO (crude palm oil) was flat at MYR4,489/MT in the week ended 18

June, according to the Malaysian Palm Oil Board (MPOB). This was largely due to weaker

prices of soybean oil and crude oil being balanced by improving exports. Next week, we

expect prices to remain relatively steady as concerns over weaker oil prices are balanced

by rising exports and the depreciation of the MYR. Overall, we expect the average CPO

price to remain at MYR4,500/MT by 25 June. However, if exports weaken or the MYR

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

Indonesia on track to launch B50 palm oil biodiesel in July

According to an 18 June news article in the Jakarta Globe (link), Indonesia is seeing

positive results in B50 biodiesel road trials and remains on track for 1 July launch. Energy

Minister Bahlil Lahadalia confirmed successful testing across various vehicle types. The

B50 mandate will increase the palm oil blend from B40 (40%) to 50%. The policy is

expected to reduce BPDPKS funding requirements from IDR47tn (~USD2.6bn) to IDR32tn

(~USD1.8bn) annually. The government estimates B50 will save up to IDR157.28tn

(~USD8.8bn) in foreign exchange in 2026, up from IDR133.3tn (~USD7.5bn) in 2025, and