InfoSAWIT, JAKARTA – Indonesia’s benchmark crude palm oil (CPO) price at state-owned trading company KPBN recorded a modest increase on Thursday, June 4, 2026, while palm oil futures in Malaysia closed lower amid weaker export performance and declining soybean oil prices.

According to market data obtained by InfoSAWIT from KPBN, the reference CPO price was set at Rp15,075 per kilogram, up Rp50/kg, or approximately 0.33%, compared with Rp15,025/kg recorded on June 3.

The Franco Belawan and Dumai delivery points were both quoted at Rp15,075/kg, while Franco Talang Duku stood at Rp14,875/kg and Franco Teluk Bayur at Rp14,945/kg.

Meanwhile, trading on the Bursa Malaysia Derivatives ended lower as sentiment was pressured by falling global soybean oil prices and weaker Malaysian palm oil export performance throughout May 2026.

Market participants pointed to slowing export demand as a key factor weighing on prices, prompting selling pressure in the futures market.

According to reports from Bernama, the June 2026 palm oil futures contract fell RM74 to RM4,531 per tonne, while the July contract declined RM72 to RM4,566 per tonne.

The August and September contracts each dropped RM76, closing at RM4,601 and RM4,629 per tonne, respectively. October futures fell RM77 to RM4,657 per tonne, while November contracts eased RM75 to RM4,686 per tonne.

Trading volume declined to 95,888 lots from 104,077 lots in the previous session. However, open interest increased to 298,582 contracts from 289,868 contracts, indicating continued market participation despite the weaker price trend.

In the physical market, southern Malaysian June-delivery CPO prices also slipped by RM90 to RM4,550 per tonne.

KPBN recorded the following CPO tender prices excluding VAT:

Franco Belawan & Dumai: Rp15,075/kg

FOB Talang Duku: Rp14,875/kg

Franco Teluk Bayur: Rp14,945/kg

Franco Palembang: Rp14,925/kg

For palm kernel oil (CPKO), the Dumai Franco tender was recorded at Rp28,229/kg, while several palm kernel (PK) tenders across Sumatra ranged between Rp12,146/kg and Rp12,262/kg.

The latest pricing developments reflect mixed sentiment in the global palm oil market, where stronger domestic pricing in Indonesia contrasts with continued weakness in regional futures trading. (T2)