KPBN Inacom CPO Prices Jump 2.2% on June 24 as Malaysian Palm Oil Futures Extend Losses

Doc. InfoSAWIT/Office of PT Kharisma Pemasaran Bersama Nusantara (KPBN) - Inacom.

JAKARTA, JAKARTA – Crude palm oil (CPO) prices at Indonesia’s state-run marketing agency PT Kharisma Pemasaran Bersama Nusantara (KPBN) rose sharply on Wednesday (June 24), even as palm oil futures on the Malaysian exchange continued to weaken for a second consecutive session.

KPBN set its CPO reference price at Rp15,650 per kilogram on Wednesday, up Rp335/kg, or approximately 2.19%, from the highest bid recorded on Tuesday (June 23), which stood at Rp15,315/kg.

According to information obtained by InfoSAWIT from KPBN, the Franco Dumai CPO price was established at Rp15,650/kg.

Meanwhile, the FOB Talang Duku tender opened at Rp15,450/kg but was withdrawn (WD), with the highest bid reaching Rp15,445/kg. Similarly, the FOB Teluk Bayur tender opened at Rp15,520/kg before being withdrawn, with the highest offer recorded at Rp15,203/kg.

Malaysian Palm Oil Futures Remain Under Pressure

Despite stronger physical market prices in Indonesia, palm oil futures in Malaysia continued to face downward pressure.

According to Reuters, the benchmark September 2026 palm oil contract on the Bursa Malaysia Derivatives Exchange fell by RM6 per tonne, or 0.13%, to RM4,652 per tonne during the midday trading session on Wednesday.

The contract traded within a relatively narrow range of RM4,646 to RM4,690 per tonne throughout the session.

Market sentiment remained mixed across global vegetable oil markets. On China's Dalian Commodity Exchange, the most-active soybean oil contract gained 0.36%, while the benchmark palm oil contract declined 0.45%. Meanwhile, soybean oil futures on the Chicago Board of Trade (CBOT) were largely unchanged.

Palm oil prices typically track movements in competing vegetable oils, including soybean oil, as they compete for market share in the global edible oils sector.

KPBN Tender Results (Excluding VAT) – June 24, 2026

Crude Palm Oil (CPO)

Franco Dumai: Rp15,650/kg – EUP

FOB Talang Duku: Opened at Rp15,450/kg (WD); Highest bid Rp15,445/kg – PSCOI

Franco Teluk Bayur: Opened at Rp15,520/kg (WD); Highest bid Rp15,203/kg – WNI

Loco PKS Parindu: Rp15,300/kg (WD); Highest bid Rp15,280/kg – EUP

Loco PKS Kembayan: Rp15,200/kg (WD); Highest bid Rp15,180/kg – EUP

Loco PKS Ngabang: Rp15,300/kg (WD); Highest bid Rp15,280/kg – EUP

Palm Kernel (PK)

Loco PKS Rokan Dua: Rp11,727/kg – WIRA

Loco PKS Talang Lebar: Rp11,726/kg – SAP

(T2)