InfoSAWIT, JAKARTA – Crude palm oil (CPO) trading at PT Kharisma Pemasaran Bersama Nusantara (KPBN) continued to record withdrawals (WD) on Friday (29/5/2026), despite stronger bidding levels compared with earlier sessions.
According to market information obtained by InfoSAWIT from KPBN, the highest CPO offer reached Rp13,355/kg, representing an increase of Rp955/kg or approximately 7.7% from Tuesday’s (26/5/2026) top offer of Rp12,400/kg.
For Franco Belawan and Kuala Tanjung delivery, the tender opened at Rp14,896/kg but ended in withdrawal with the highest bid recorded at Rp13,355/kg. Meanwhile, FOB Talang Duku opened at Rp14,696/kg and was also withdrawn after receiving a top offer of Rp13,155/kg.
The repeated withdrawal pattern reflects cautious market sentiment among buyers and sellers amid fluctuating global commodity conditions.
At the same time, crude palm oil futures on Bursa Malaysia Derivatives closed mixed on Friday (30/5/2026) as traders monitored continuing volatility in global energy markets.
According to Bernama, the June 2026 CPO contract rose RM8 to RM4,470 per tonne at the close of trading.
However, July and August 2026 contracts edged lower by RM2 each to RM4,503 and RM4,535 per tonne respectively.
Later-month contracts posted firmer performances. September 2026 gained RM1 to RM4,561 per tonne, while October and November contracts climbed RM5 and RM9 to settle at RM4,590 and RM4,620 per tonne.
Market activity also strengthened compared with the previous session.
Trading volume increased to 76,012 lots from Thursday’s 59,830 lots, while open interest rose slightly to 285,715 contracts from 285,564 previously.
In the physical market, June South CPO prices remained unchanged at RM4,490 per tonne.
The Malaysian palm oil market is also preparing for a short trading pause. Bursa Malaysia and its subsidiaries are scheduled to close on Monday, 1 June and Tuesday, 2 June 2026, in conjunction with the King’s Birthday celebration and the replacement holiday for Wesak Day. Trading is expected to resume on Wednesday, 3 June.
The mixed performance across regional markets suggests that palm oil traders remain highly sensitive to shifts in energy prices, export demand, and broader vegetable oil market fundamentals. (T2)
