InfoSAWIT, JAKARTA – Indonesia's crude palm oil (CPO) reference prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) slipped slightly on Thursday (July 30, 2026), while palm oil futures on the Bursa Malaysia Derivatives (BMD) ended mostly higher, supported by expectations of stronger export demand.

KPBN set the benchmark CPO price at Rp15,750 per kilogram, down Rp50/kg or 0.32% from Wednesday's level of Rp15,800/kg.

According to market data obtained by InfoSAWIT, Franco Dumai CPO was priced at Rp15,750/kg. Meanwhile, several tenders ended in withdrawals (WD), including FOB Talang Duku, which opened at Rp15,550/kg with the highest bid reaching Rp15,356/kg, and Franco Teluk Bayur, which opened at Rp15,620/kg with the highest offer recorded at Rp15,395/kg.

The softer domestic market contrasted with a firmer performance in Malaysia, where CPO futures were buoyed by stronger export prospects.

According to Bernama, market sentiment improved after analysts projected Malaysian palm oil exports for July to rise by nearly 20% from the previous month, marking the second consecutive month of robust export growth.

At the close of trading, the August 2026 CPO contract eased RM3 to RM4,554 per tonne, while the September 2026 contract gained RM15 to RM4,643 per tonne.

Contracts for October, November, and December 2026 each advanced RM19 to RM4,683, RM4,714, and RM4,743 per tonne, respectively. The January 2027 contract added RM17 to settle at RM4,770 per tonne.

Trading activity, however, moderated, with total volume falling to 67,530 lots from 77,694 lots in the previous session. Open interest also edged lower to 302,397 contracts, compared with 302,561 contracts previously.

In the physical market, the August South Malaysia CPO price declined RM10 to RM4,550 per tonne.

The divergence between Indonesia's softer domestic tender prices and stronger Malaysian futures highlights the influence of resilient export demand on regional palm oil markets, despite cautious trading activity. (T2)