InfoSAWIT, JAKARTA – The crude palm oil (CPO) price offered through PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom tender was withdrawn on Monday (March 9, 2026), with the highest bid recorded at Rp15,111/kg.
This indicates a rise of Rp161/kg or about 1.08% compared to the previous tender on Friday (March 6, 2026), when the CPO price stood at Rp14,950/kg.
According to information obtained by InfoSAWIT from KPBN, the Franco Dumai CPO tender opened at Rp16,000/kg, but was later withdrawn after the highest bid reached Rp15,111/kg.
Similarly, the Franco Teluk Bayur tender opened at Rp15,870/kg but was withdrawn with the highest offer at Rp14,970/kg. Meanwhile, the FOB Talang Duku tender opened at Rp15,800/kg and was also withdrawn after the highest bid reached Rp14,950/kg.
Malaysia CPO Futures Rally
Meanwhile, crude palm oil futures on Bursa Malaysia Derivatives closed higher on Monday (March 9, 2026), surpassing RM4,500 per ton, the highest level since October last year, as reported by Bernama.
The price rally was largely driven by a surge in the global energy market amid escalating geopolitical tensions in the Middle East.
Senior analyst at Fastmarkets Palm Oil Analytics Sathia Varqa said CPO prices showed resilience due to strong support from global crude oil markets.
According to him, benchmark Chicago Mercantile Exchange (CME) Fastmarkets South Asia CPO prices increased about 9% from Friday to midday Monday.
Market participants are also awaiting the February supply and demand report from the Malaysian Palm Oil Board (MPOB), which is scheduled for release soon.
Contract Movements and Trading Activity
At the close of trading:
March 2026 contract rose RM204 to RM4,454 per ton
April 2026 contract gained RM204 to RM4,540 per ton
May 2026 contract increased RM200 to RM4,567 per ton
June 2026 contract climbed RM184 to RM4,559 per ton
July 2026 contract rose RM170 to RM4,535 per ton
August 2026 contract advanced RM155 to RM4,502 per ton
Trading volume increased to 220,402 lots, up from 168,359 lots on Friday. Meanwhile, open interest expanded to 237,662 contracts from 224,475 contracts previously.
In the physical market, March South CPO prices climbed RM340 to RM4,500 per ton. (T2)
