InfoSAWIT, JAKARTA – Indonesia’s state marketing platform KPBN recorded another withdrawal in its crude palm oil (CPO) tender on Tuesday (10 February 2026). The highest bid reached Rp 14,345 per kg, down Rp 155 per kg or 1.07% from the previous session.
Franco Dumai opened at Rp 14,400 per kg but was withdrawn after bids failed to meet expectations. Loco Pelaihari opened at Rp 13,846 per kg, with the highest offer at Rp 13,123 per kg before withdrawal.
According to Reuters, as published online by InfoSAWIT, CPO futures on Bursa Malaysia Derivatives closed lower, with the April 2026 contract falling 1.51% to RM4,097 per tonne.
Market sentiment was pressured by weaker rival vegetable oils in Dalian and Chicago. Although Malaysian palm oil stocks declined 7.72% in January, early February export data showed a slowdown.
The developments underscore the close correlation between Indonesian physical prices and movements in global futures markets, particularly in Malaysia, the world’s second-largest palm oil producer. (T2)
