InfoSAWIT, JAKARTA – Indonesia's crude palm oil (CPO) reference price at PT Kharisma Pemasaran Bersama Nusantara (KPBN) slipped slightly on Thursday (August 6), tracking weaker sentiment in the Malaysian palm oil futures market amid expectations of rising palm oil output and inventories.

KPBN set the CPO price at Rp15,650 per kilogram on Thursday, down Rp38/kg or approximately 0.24% from the highest bid recorded on Wednesday (August 5), which stood at Rp15,688/kg.

According to information obtained by InfoSAWIT from KPBN, Franco Dumai CPO was priced at Rp15,650/kg. Meanwhile, offers for FOB Talang Duku opened at Rp15,400/kg but were withdrawn, with the highest bid reaching Rp15,317/kg. A similar situation occurred at Franco Teluk Bayur, where the opening price of Rp15,450/kg was withdrawn after the highest bid reached Rp15,325/kg.

In Malaysia, CPO futures on Bursa Malaysia Derivatives ended mostly lower on Thursday as weaker crude oil and soybean oil prices weighed on market sentiment. Traders also remained cautious over expectations of stronger palm oil production and higher inventories in the coming weeks.

The benchmark September 2026 contract declined RM21 to RM4,625 per tonne, while October fell RM16 to RM4,686 per tonne. November lost RM12 to settle at RM4,733 per tonne. December eased RM8 to RM4,775 per tonne, and January 2027 slipped RM2 to RM4,815 per tonne. In contrast, the August 2026 contract gained RM15 to close at RM4,534 per tonne.

Trading activity softened, with total volume declining to 85,066 lots from 109,598 lots in the previous session. However, open interest increased to 312,050 contracts, indicating that market participants continued to maintain their positions despite weaker prices. (T2)