PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices traded through PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom moved higher on Wednesday (28 January 2026), tracking gains in the Malaysian palm oil market amid stronger global vegetable oil and energy prices. On the global front, Bernama reported that Malaysian palm oil futures closed higher on Wednesday, supported by a rally in global soybean oil prices and positive sentiment from rising crude oil values. David Ng, a proprietary trader at Iceberg X Sdn Bhd, said movements in the crude oil market continued to provide support for palm oil prices. However, the palm oil market has started to adopt a more cautious tone after recording sharp gains since last week. Sathia Varqa, Senior Analyst at Fastmarkets Palm Oil Analytics, noted that profit-taking activity began to emerge late last week.