InfoSAWIT, JAKARTA – Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara were set at Rp15,400/kg on Monday (May 4, 2026), unchanged from the highest offered price recorded on Thursday (April 30, 2026), which also stood at Rp15,400/kg.

According to data obtained by InfoSAWIT from PT Kharisma Pemasaran Bersama Nusantara, the Franco Dumai CPO price was fixed at Rp15,400/kg, while FOB Talang Duku opened at Rp15,215/kg.

Meanwhile, Loco Parindu opened at Rp15,065/kg, but the tender was later withdrawn (WD), with the highest bid recorded at Rp14,875/kg. Similar withdrawals were also seen at other delivery points, including Loco Kembayan, which opened at Rp14,965/kg with a highest bid of Rp14,850/kg, and Loco Ngabang, which opened at Rp15,065/kg with the highest bid reaching Rp15,035/kg.

Malaysian Palm Oil Futures Rise More Than 1%

In the regional market, crude palm oil futures on the Bursa Malaysia Derivatives closed more than 1 percent higher at the start of the week, supported by optimism over Malaysia’s planned increase in its palm-based biodiesel blending mandate, as well as firmer global soyoil prices.

According to Reuters, the benchmark July 2026 CPO futures contract rose RM50 per ton, or 1.09 percent, closing at RM4,620 per ton, equivalent to approximately US$1,169.62 per ton.

The price rally followed news that Malaysia plans to begin implementing B15 biodiesel—a fuel blend containing 15 percent palm oil—starting in June as part of efforts to reduce domestic diesel costs.

The program is expected to be introduced gradually, with Malaysia targeting an increase to B20, and potentially moving toward a 50 percent palm oil blend within the next two to three years.

If implemented as planned, the policy is expected to significantly boost Malaysia’s domestic CPO consumption, further strengthening palm oil’s role as a renewable energy feedstock in Southeast Asia.

Market analysts view the biodiesel policy as a strong bullish catalyst for palm oil prices, particularly amid shifting global demand patterns and seasonal production fluctuations.

Additional support also came from the Chicago Board of Trade, where soyoil prices rose 0.36 percent, lending further momentum to palm oil prices, which often track movements in competing vegetable oils due to competition in the global edible oils market.

KPBN Tender Prices (Rp/kg, Excluding VAT) – Monday, May 4, 2026

CPO_____

Franco Dumai: Rp15,400 – EUP

FOB Talang Duku: Rp15,215 – PSCOI

Loco Parindu: Rp15,065 (Withdrawn) – Highest bid Rp14,875 – EUP

Loco Kembayan: Rp14,965 (Withdrawn) – Highest bid Rp14,850 – EUP

Loco Ngabang: Rp15,065 (Withdrawn) – Highest bid Rp15,035 – EUP

(T2)