InfoSAWIT, JAKARTA – Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) continued to face withdrawal (WD) during Thursday’s trading session (21/5/2026), reflecting persistent pressure in both the domestic and global palm oil markets. Weak export demand and declining vegetable oil prices weighed heavily on sentiment.

The highest CPO bid recorded by KPBN Inacom reached Rp12,285 per kilogram, marking a sharp decline of Rp2,215/kg or around 15.21% compared to Wednesday’s highest bid of Rp14,500/kg.

According to information obtained by InfoSAWIT from KPBN, CPO Franco Belawan and Dumai opened at Rp15,065/kg but ended in withdrawal, with the highest offer standing at Rp12,510/kg. Similar conditions occurred across several trading points, including Teluk Bayur, Ngabang, Parindu, Kembayan, and Talang Duku.

Meanwhile, palm oil futures on the Bursa Malaysia Derivatives Exchange extended losses for a second consecutive session. Reuters reported that the benchmark August 2026 palm oil contract fell RM55 per ton, or approximately 1.2%, to RM4,528 per ton during the midday trading break.

Market pressure intensified after cargo surveyors estimated Malaysian palm oil exports for the May 1–20 period declined between 13.9% and 20.5% compared to the previous month. The weaker export outlook coincided with declines in competing vegetable oils.

On the Dalian Commodity Exchange, the most active soybean oil contract dropped 0.61%, while Dalian palm oil futures slipped 1%. Soybean oil prices on the Chicago Board of Trade (CBOT) also weakened by around 0.43%.

The continued withdrawal trend in KPBN tenders indicates that buyers remain cautious amid uncertain global demand and volatile vegetable oil markets. Industry players are also closely monitoring developments in Indonesia’s proposed export governance reforms, which may reshape future palm oil trade flows. (T2)