InfoSAWIT, JAKARTA – Indonesia's crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) posted a modest increase on Thursday (July 9), while Malaysian palm oil futures remained broadly stable amid mixed signals from global vegetable oil and energy markets.

According to KPBN market data, the Franco Kuala Tanjung CPO price was set at Rp15,600 per kilogram, marking an increase of Rp11/kg, or approximately 0.07%, compared to Wednesday's highest bid of Rp15,589/kg.

The FOB Teluk Bayur price was established at Rp15,700/kg, while the FOB Parindu, West Kalimantan tender opened at Rp15,250/kg before being withdrawn after the highest bid reached Rp15,239/kg.

Other market quotations included Loco PKS Parindu & Ngabang at Rp15,250/kg and Loco PKS Kembayan at Rp15,150/kg.

Palm kernel (PK) prices also varied across locations, with Loco PKS Bunut reaching Rp13,255/kg, Loco PKS Pengabuan at Rp13,035/kg, while the Loco PKS T. Lebar tender was withdrawn after attracting a top bid of Rp12,200/kg.

Meanwhile, Malaysia's benchmark crude palm oil futures traded with little change during Thursday's session as gains in Dalian vegetable oils and stronger crude oil prices offset weakness in soybean oil futures on the Chicago Board of Trade (CBOT).

According to Reuters, the benchmark September palm oil contract on the Bursa Malaysia Derivatives Exchange rose RM6 per metric ton, or 0.13%, to RM4,615 per ton during early trading.

Market participants continue to monitor developments in competing edible oils, global energy prices, and export demand, all of which remain key drivers for palm oil price movements in the weeks ahead. (T2)