InfoSAWIT, JAKARTA – Indonesia’s crude palm oil (CPO) tender market showed little movement on Friday, with multiple offerings at PT Kharisma Pemasaran Bersama Nusantara withdrawn after bids failed to meet asking levels, while the broader regional palm oil market remained in consolidation mode as traders awaited key supply and demand data from the Malaysian Palm Oil Board next week.
According to market information obtained by InfoSAWIT from KPBN, the highest CPO offer price was recorded at Rp15,222 per kilogram, unchanged from the previous day’s top offer, signaling a cautious domestic market despite firm opening indications.
At the Franco Dumai tender, CPO opened at Rp15,275/kg, but the tender was ultimately withdrawn after the highest bid reached only Rp15,222/kg. Similar conditions were seen in other trading points, reflecting restrained buyer sentiment across Indonesia’s physical palm oil market.
At Loco Ngabang, CPO opened at Rp14,925/kg before being withdrawn, with the highest bid reaching Rp14,872/kg. Meanwhile, Loco Kembayan opened at Rp14,825/kg, but was also withdrawn after the top bid came in at Rp14,772/kg. At Loco Parindu, the opening level of Rp14,925/kg ended in withdrawal, with the strongest offer recorded at Rp14,782/kg. No bidders were reported for FOB ITT Palopo, underscoring the subdued tone in Friday’s tender session.
Malaysian Market Consolidates Ahead of MPOB Data
The cautious domestic trade mirrored sentiment on the regional derivatives market, where benchmark palm oil futures on the Bursa Malaysia Derivatives traded nearly unchanged as investors held positions ahead of MPOB’s upcoming monthly production, export, and inventory report.
The benchmark July 2026 palm oil contract was largely flat at RM4,541 per ton by midday trade on Friday, extending a consolidation phase that has kept prices range-bound. On a weekly basis, the contract has declined about 1.03 percent, putting the market on track for its second consecutive weekly loss.
Additional pressure came from movements in competing vegetable oils. The most-active soyoil contract on Dalian Commodity Exchange fell 1.14 percent, while Dalian’s palm olein contract eased 0.87 percent. In contrast, soyoil futures on the Chicago Board of Trade rose 0.65 percent, highlighting mixed sentiment across the global edible oils complex.
Domestic Tender Snapshot
CPO (Excluding VAT):
Franco Dumai: Open Rp15,275/kg – Withdrawn (highest bid Rp15,222/kg)
Loco Ngabang: Open Rp14,925/kg – Withdrawn (highest bid Rp14,872/kg)
Loco Kembayan: Open Rp14,825/kg – Withdrawn (highest bid Rp14,772/kg)
FOB ITT Palopo: No bidder
Loco Parindu: Open Rp14,925/kg – Withdrawn (highest bid Rp14,782/kg)
Palm Kernel (PK):
Loco Tanjung Lebar: Open Rp14,405/kg – Withdrawn (highest bid Rp13,100/kg)
Loco Kuala Sawit: Open Rp15,089/kg – Withdrawn (highest bid Rp14,615/kg)
Loco Pulau Tiga: Open Rp15,159/kg – Withdrawn (highest bid Rp14,665/kg)
With market participants now focused on the upcoming MPOB figures, both domestic and regional palm oil prices are likely to remain cautious in the near term, as fresh supply-demand signals are expected to determine the next direction for the market. (T2)
