InfoSAWIT, JAKARTA – Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom strengthened on Tuesday (August 4), tracking a recovery in the Malaysian palm oil futures market amid firmer rival edible oils and rising crude oil prices.

According to market data obtained by InfoSAWIT, the KPBN Inacom CPO reference price increased by Rp150 per kilogram, or approximately 0.96%, to Rp15,800/kg, compared with Rp15,650/kg recorded on Monday (August 3).

The Franco Dumai tender was successfully set at Rp15,800/kg. Meanwhile, the FOB Talang Duku tender opened at Rp15,550/kg but was withdrawn after the highest bid reached Rp15,379/kg. A similar outcome occurred for the FOB Boom Baru, Palembang tender, which opened at Rp15,575/kg before being withdrawn with a top offer of Rp15,379/kg.

The domestic price increase coincided with a rebound in Bursa Malaysia Derivatives. The benchmark October 2026 palm oil futures contract rose RM31 per tonne, or 0.67%, to RM4,660 per tonne during early trading, recovering after two consecutive sessions of losses.

The market was supported by stronger performances in competing vegetable oils. On China's Dalian Commodity Exchange, the most-active soyoil contract gained 0.62%, while palm oil futures advanced 0.41%. In the United States, Chicago Board of Trade (CBOT) soyoil futures also edged higher by 0.09%, reinforcing positive sentiment across the global edible oils market.

Several other KPBN tenders were withdrawn after bids failed to meet sellers' expectations. These included Loco PKS G. Meliau, Loco PKS Rimba Belian, and FOB IPP Pagun/Parba in West Kalimantan. Tenders for crude palm kernel oil (CPKO) in Dumai, Lampung, and Palembang, as well as palm kernel (PK) in Belawan, were also withdrawn following lower-than-expected bids. (T2)