InfoSAWIT, JAKARTA – Crude palm oil (CPO) prices at Indonesia’s state-owned trading platform PT Kharisma Pemasaran Bersama Nusantara (KPBN) strengthened on Monday (May 11, 2026), following gains in the Malaysian palm oil futures market supported by stronger soybean oil and crude oil prices globally.

According to information obtained by InfoSAWIT from KPBN, the CPO reference price was set at Rp15,325 per kilogram, rising Rp103/kg or approximately 0.68% compared to the highest bid recorded on Friday (May 8, 2026), which stood at Rp15,222/kg.

KPBN set the Franco Dumai CPO price at Rp15,325/kg, while the Loco Ngabang price was established at Rp14,975/kg.

Meanwhile, the Loco Parindu tender opened at Rp14,975/kg but was later withdrawn (WD), with the highest offer recorded at Rp14,885/kg.

The domestic market movement mirrored gains in the Malaysian palm oil futures market, where benchmark CPO contracts for July 2026 delivery on the Bursa Malaysia Derivatives Exchange closed higher after three consecutive sessions of decline.

The benchmark contract rose RM11 per metric ton, or around 0.24%, to close at RM4,516 per ton.

Globally, palm oil price movements continue to track rival edible oils, particularly soybean oil, as both compete within the global vegetable oils market.

During the same trading session, the most-active soybean oil contract on China’s Dalian Commodity Exchange rose 0.55%, while Dalian palm oil futures edged down 0.11%. Soybean oil prices on the Chicago Board of Trade (CBOT) also strengthened by 0.71%.

Higher crude oil prices additionally provided support for palm oil markets by improving the competitiveness of biodiesel feedstocks, including palm-based biofuels.

Below are the KPBN tender prices (excluding VAT) recorded on Monday (May 11, 2026):

KPBN Tender Prices (Rp/kg)

CPO_____

Franco Dumai: Rp15,325 – EUP

Loco Ngabang: Rp14,975 – EUP

Loco Kembayan: Rp14,875 – EUP

Loco Parindu: Rp14,975 (Withdrawn), highest offer Rp14,885 – EUP

(T2)