InfoSAWIT, JAKARTA – Crude palm oil (CPO) prices offered through PT Kharisma Pemasaran Bersama Nusantara (KPBN) weakened on Monday (15/6/2026), mirroring cautious sentiment in the global vegetable oil market.

According to market information obtained by InfoSAWIT from KPBN, the highest CPO bid price reached Rp14,999 per kilogram, representing a decline of Rp451 per kilogram, or 2.92 percent, compared to Friday's (12/6/2026) level of Rp15,450 per kilogram.

At the Franco Dumai tender, the opening price stood at Rp15,450 per kilogram before the auction was withdrawn (WD), with the highest bid recorded at Rp14,999 per kilogram. Similar conditions were observed at other trading points.

The FOB Teluk Bayur tender opened at Rp15,320 per kilogram and was subsequently withdrawn after attracting a highest bid of Rp14,847 per kilogram. Meanwhile, FOB Talang Duku opened at Rp15,250 per kilogram, with the highest bid reaching Rp14,777 per kilogram before being withdrawn.

The softer domestic market coincided with relatively stagnant trading on the Bursa Malaysia Derivatives Exchange, where benchmark August 2026 palm oil futures traded at RM4,475 per metric tonne during the midday session after briefly falling to RM4,438 per tonne earlier in the day.

According to Reuters, broader weakness in global edible oil markets contributed to the subdued performance. China's most active soyoil contract on the Dalian Commodity Exchange declined by 0.44 percent, while Dalian palm oil futures fell 1.51 percent. Soyoil prices on the Chicago Board of Trade (CBOT) were also lower, declining 0.97 percent.

Additional pressure stemmed from falling crude oil prices, which dropped to their lowest level since March following reports of an initial agreement aimed at easing tensions and reopening shipping routes through the Strait of Hormuz.

Lower crude oil prices tend to reduce the attractiveness of palm oil as a biodiesel feedstock, potentially dampening demand from the renewable energy sector.

Meanwhile, the Malaysian Palm Oil Board (MPOB) maintained July's crude palm oil reference price at a level that preserves the country's 10 percent export duty rate, providing another factor for market participants to monitor.

Below are KPBN's CPO tender results on Monday (15/6/2026), excluding VAT:

Franco Dumai: Opening price Rp15,450/kg (WD); highest bid Rp14,999/kg – KJA

FOB Teluk Bayur: Opening price Rp15,320/kg (WD); highest bid Rp14,847/kg – WNI

FOB Talang Duku: Opening price Rp15,250/kg (WD); highest bid Rp14,777/kg – WNI

Loco Parindu: Opening price Rp15,100/kg (WD); highest bid Rp14,607/kg – EUP

Loco Luwu: No bidder

Market participants are expected to closely monitor developments in crude oil prices, competing vegetable oils, and export demand trends, all of which are likely to influence palm oil price direction in the days ahead. (T2)