InfoSAWIT, JAKARTA – Crude palm oil (CPO) prices offered through Indonesia's state-owned trading platform, PT Kharisma Pemasaran Bersama Nusantara (KPBN), continued to edge higher on Tuesday (July 28), even as palm oil futures on the Bursa Malaysia Derivatives Exchange weakened for a second consecutive session.

KPBN recorded the highest CPO offer at Rp15,788 per kilogram, marking an increase of Rp111/kg, or approximately 0.71%, compared with the highest offer of Rp15,677/kg posted on Friday (July 27).

According to information obtained by InfoSAWIT from KPBN, Franco Dumai was quoted at Rp15,788/kg. Meanwhile, several other tenders ended in withdrawals after bids failed to meet sellers' expectations. FOB Talang Duku opened at Rp15,588/kg, with the highest bid reaching Rp15,300/kg, while Franco Teluk Bayur opened at Rp15,658/kg before being withdrawn with a top bid of Rp15,314/kg.

Other withdrawn tenders included FOB Palembang, Loco PKS Parindu & Ngabang, and Loco PKS Kembayan, reflecting cautious buying interest in the domestic market.

In contrast, palm oil futures in Malaysia opened lower as weakness in competing vegetable oils and crude oil prices weighed on market sentiment.

According to Reuters, the benchmark October 2026 palm oil contract on the Bursa Malaysia Derivatives Exchange fell RM27 per metric ton, or 0.58%, to RM4,646 (US$1,137.61) per metric ton during early trading.

In the palm kernel segment, Franco Belawan recorded a kernel price of Rp15,138/kg, while several CPKO tenders in Dumai, Lampung, and Palembang were also withdrawn. (T2)