InfoSAWIT, JAKARTA – Indonesia's benchmark crude palm oil (CPO) price at PT Kharisma Pemasaran Bersama Nusantara (KPBN) moved higher on Tuesday (July 14), supported by firmer sentiment in the global vegetable oils market and another day of gains in Malaysian palm oil futures.
KPBN set its CPO reference price at Rp15,685/kg on Tuesday (July 14, 2026), up Rp80/kg, or approximately 0.51%, from Rp15,605/kg recorded a day earlier.
According to data obtained by InfoSAWIT from KPBN, the Franco Kuala Tanjung tender was finalized at Rp15,685/kg, while Franco Teluk Bayur was set at Rp15,555/kg. The FOB Talang Duku price reached Rp15,485/kg.
Meanwhile, the Franco Palembang tender opened at Rp15,535/kg but ended in a withdrawal (WD), with the highest bid recorded at Rp15,405/kg. The FOB Parba, West Kalimantan tender was also withdrawn after attracting a highest bid of Rp15,231/kg. At the mill level, Loco PKS Parindu and Loco PKS Kembayan were priced at Rp15,335/kg and Rp15,235/kg, respectively.
In the palm kernel oil market, CPKO Franco Dumai was traded at Rp31,930/kg, while the FOB Lampung tender was withdrawn despite a highest offer of Rp29,600/kg.
For palm kernel (PK), prices ranged between Rp13,344/kg and Rp14,035/kg across several mills. The Loco PKS K. Sawit tender recorded the highest price at Rp14,035/kg, while other transactions included Pengabuan at Rp13,344/kg, Solok Selatan at Rp13,750/kg, Bunut at Rp13,480/kg, Ophir at Rp13,824/kg, and Aur Gading at Rp13,457/kg. The T. Lebar tender was withdrawn, with the highest bid reaching Rp12,600/kg.
Meanwhile, the benchmark September 2026 CPO contract on the Bursa Malaysia Derivatives Exchange closed RM40 per tonne, or 0.88%, higher at RM4,573 per tonne, marking its second consecutive daily gain.
The rally was supported by stronger prices for competing vegetable oils and rising crude oil prices, which improved overall market sentiment.
According to Reuters, Chicago soybean oil futures gained 0.47% after surging approximately 3.35% in the previous trading session. On China's Dalian Commodity Exchange, the most active soybean oil contract rose 0.4%, while palm oil futures advanced 0.95%, providing additional support to Malaysian palm oil prices.
The stronger performance across global vegetable oil markets reinforced expectations of resilient demand and helped sustain bullish sentiment in the palm oil futures market despite ongoing concerns over supply. (T2)
