InfoSAWIT, JAKARTA – Indonesia’s crude palm oil (CPO) market remained under pressure on Wednesday as the latest tender conducted by PT Kharisma Pemasaran Bersama Nusantara (KPBN) ended in withdrawals, while Malaysian palm oil futures continued their downward trend amid weakness in competing vegetable oil markets.
The highest bid recorded during the KPBN tender reached Rp15,511 per kilogram, marking a decline of Rp164/kg, or approximately 1.05%, from Tuesday’s highest level of Rp15,675/kg.
According to market data obtained by InfoSAWIT, the Franco Dumai CPO tender opened at Rp15,700/kg but concluded with a withdrawal after the highest offer reached only Rp15,511/kg. Meanwhile, the Franco Teluk Bayur tender also ended in withdrawal, with the highest bid at Rp15,304/kg against an opening price of Rp15,570/kg. No bids were submitted for the Franco Tanjung Priok tender.
Palm oil sentiment was also weighed down by developments in the regional and global futures markets. On the Bursa Malaysia Derivatives (BMD), the benchmark October 2026 CPO contract slipped RM6 per tonne, or 0.13%, to RM4,604 per tonne in early trading, extending losses for a second consecutive session.
The decline followed weaker performances in rival edible oil markets. The most-active soyoil contract on China’s Dalian Commodity Exchange fell 1.1%, while Dalian palm oil futures eased 0.51%. In the United States, Chicago Board of Trade (CBOT) soyoil futures also retreated 0.47%, adding further pressure to palm oil prices.
Despite the short-term correction, industry expectations remain relatively stable for the coming month. The Malaysian Palm Oil Council (MPOC) projects Malaysian CPO prices to trade within the range of RM4,400–RM4,650 per tonne during August 2026, supported by balanced market fundamentals despite ongoing volatility in global vegetable oil markets.
The latest KPBN tender results highlight the cautious stance adopted by buyers as they monitor movements in international edible oil prices and broader commodity market sentiment. (T2)
