Palm Oil Sector Report (21 August 2026)

101 Views28 Aug 2026 13:16

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SUMMARY

Palm oil is an edible oil with a variety of uses, including in food, consumer products, and as biodiesel feedstock.
One growing use is biodiesel, with Indonesian domestic consumption of palm oil for biodiesel exceeding that for food in around June 2023.
Accordingly, Crude Palm Oil (“CPO”) prices have been showing some correlation with crude oil prices, such that the recent rise in crude oil prices amid the ongoing U.S.-Israeli war against Iran may have raised CPO prices.

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