InfoSAWIT, JAKARTA – Indonesia’s state-linked palm oil marketing platform PT Kharisma Pemasaran Bersama Nusantara (KPBN) recorded a withdrawn (WD) tender for crude palm oil (CPO) on Tuesday, April 28, 2026, as the highest bid for CPO reached Rp15,122/kg, down Rp337/kg, or around 2.18%, from Rp15,459/kg in the previous trading session.
Market data monitored by InfoSAWIT showed that Franco Dumai CPO was opened at Rp15,325/kg before being withdrawn, with the highest bid recorded at Rp15,122/kg. Meanwhile, FOB Talang Duku opened at Rp15,125/kg and was also withdrawn after attracting a top bid of Rp14,900/kg.
Other tender references also moved lower. Loco Parindu was offered at Rp14,975/kg, with the highest bid reaching Rp14,567/kg, while Loco Kembayan opened at Rp14,875/kg and saw a highest bid of Rp14,542/kg.
In the downstream segment, palm kernel oil products also faced softer bidding interest. CPKO Franco Dumai was offered at Rp36,224/kg but ended in withdrawal after the highest bid came in at Rp33,750/kg. Meanwhile, Palm Kernel (PK) Franco Belawan opened at Rp15,907/kg and was withdrawn after receiving a highest offer of Rp15,750/kg.
At the regional level, palm oil futures on Bursa Malaysia Derivatives traded largely unchanged, as weaker edible oil sentiment in China offset support from firmer global crude oil prices.
According to Reuters, as published online by InfoSAWIT, the benchmark July 2026 palm oil contract closed marginally higher by RM3 per metric ton, or 0.07%, at RM4,537 per ton, recovering slightly after declining 1.37% in the previous session.
Pressure came mainly from China’s Dalian market, where the most active soybean oil contract rose 0.14%, while its palm oil contract fell 0.59%. In the United States, soybean oil futures on the Chicago Board of Trade edged up 0.17%.
Fundamentally, palm oil prices remain closely tied to movements in competing vegetable oils—particularly soybean oil—as both commodities continue to compete aggressively for share in the global edible oils market.
The softer bids seen in KPBN’s latest tender suggest domestic buyers are also taking a cautious stance, reflecting ongoing volatility in international edible oil markets and uncertainty over short-term price direction. (T2)
