InfoSAWIT, JAKARTA – Indonesia's crude palm oil (CPO) reference price at PT Kharisma Pemasaran Bersama Nusantara (KPBN) declined on Tuesday (July 21), mirroring weaker sentiment in the global vegetable oils market as Malaysian palm oil futures closed lower for a second consecutive session.

According to market data obtained by InfoSAWIT from KPBN, the Franco Belawan CPO price was set at Rp15,675 per kilogram, down Rp102/kg or approximately 0.65% from Rp15,777/kg recorded on Monday (July 20).

Meanwhile, the Franco Teluk Bayur tender opened at Rp15,545/kg but ended in a withdrawal (WD), with the highest bid reaching Rp15,360/kg. The FOB Palembang tender also closed with a withdrawal after opening at Rp15,525/kg, while the highest offer stood at Rp15,320/kg.

The softer domestic pricing came as Malaysian palm oil futures continued to weaken amid pressure from competing edible oils and declining crude oil prices.

According to Reuters, the benchmark October 2026 CPO contract on the Bursa Malaysia Derivatives Exchange (BMD) settled RM34 per tonne, or 0.73%, lower at RM4,609 per metric tonne (approximately US$1,127.72).

Across other commodity markets, the most-active soybean oil contract on China's Dalian Commodity Exchange fell 0.55%, while Dalian palm oil futures lost 1%. In the United States, soybean oil futures on the Chicago Board of Trade (CBOT) also edged 0.07% lower, reflecting cautious sentiment across the global vegetable oils market.

For Tuesday's KPBN tender, Franco Dumai CPO was traded at Rp15,675/kg, while several regional tenders—including Teluk Bayur, Palembang, Parindu & Ngabang, and Kembayan—were withdrawn after bids failed to meet sellers' expectations. Meanwhile, palm kernel oil (CPKO) was quoted at Rp32,675/kg for Franco Dumai and Rp31,600/kg for FOB Lampung. Palm kernel (PK) prices in Franco Belawan reached Rp14,953/kg. (T2)