InfoSAWIT, JAKARTA – Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) recorded a slight decline on Tuesday (9/6/2026), mirroring weaker sentiment in the global vegetable oil market as concerns over sluggish export demand continued to weigh on prices.

Based on data obtained by InfoSAWIT from KPBN, the CPO reference price was set at Rp15,155 per kilogram, down Rp20/kg, or approximately 0.13%, from Rp15,175/kg recorded a day earlier. Franco prices for Kuala Tanjung and Dumai were both established at Rp15,155/kg, while Teluk Bayur stood at Rp15,025/kg. Meanwhile, FOB Talang Duku was priced at Rp14,955/kg and loco Parindu at Rp14,805/kg.

The domestic price adjustment came as Malaysian palm oil futures weakened during Tuesday's trading session, following gains in the previous session. Market sentiment remained under pressure due to soft export performance, despite early indications of improving production levels in June.

According to Reuters, the benchmark August 2026 palm oil contract on the Bursa Malaysia Derivatives Exchange fell RM77 per tonne, or 1.68%, to RM4,498 per tonne during the midday break. The decline reflected growing caution among traders regarding the outlook for global vegetable oil demand.

Cargo surveyors also reported that Malaysia's palm oil exports in May 2026 declined by between 8.8% and 15.5% month-on-month, reinforcing concerns over slower international buying activity.

Market participants are now awaiting the release of the Malaysian Palm Oil Board (MPOB)'s monthly supply and demand report, scheduled for Wednesday (10/6/2026), which is expected to provide clearer direction for short-term price movements.

Across other vegetable oil markets, the most active soybean oil contract on China's Dalian Commodity Exchange fell 0.98%, while Dalian palm oil futures declined 1.27%. In the United States, Chicago Board of Trade (CBOT) soybean oil futures slipped 0.63%, adding to the broader bearish tone across the sector. (T2)