InfoSAWIT, JAKARTA – Crude palm oil (CPO) prices offered through PT Kharisma Pemasaran Bersama Nusantara (KPBN) ended in withdrawal on Wednesday (August 26, 2026), while palm oil futures on Bursa Malaysia Derivatives continued to weaken amid concerns over export demand and the commodity’s competitiveness against rival vegetable oils.
According to InfoSAWIT’s market monitoring based on KPBN tender data, the highest bid for CPO reached Rp15,600 per kilogram, down Rp244/kg, or around 1.54%, from the highest offer recorded on Monday (August 24) at Rp15,844/kg.
For the Dumai franco delivery basis, CPO was offered at Rp15,850/kg but ended in withdrawal, with the highest bid reaching Rp15,600/kg. At FOB Talang Duku, the opening offer stood at Rp15,600/kg, with the highest bid at Rp15,309/kg.
Meanwhile, CPO for the Franco Teluk Bayur basis was offered at Rp15,650/kg and also ended in withdrawal, with the highest bid recorded at Rp15,293/kg.
The softer domestic tender market came as Malaysian palm oil futures extended their decline. As reported Reuters, the benchmark November CPO contract on Bursa Malaysia Derivatives closed down RM93 per tonne, or 1.88%, at RM4,853 per tonne on Wednesday (August 26, 2026).
The decline marked a second consecutive session of losses after a recent rally pushed palm oil prices higher, reducing their competitiveness against soybean oil and other competing vegetable oils.
Market participants were also closely watching Malaysia’s palm oil export performance. Cargo survey estimates showed that exports of Malaysian palm oil products for the August 1–25 period fell between 11.4% and 20% compared with the previous period.
The weaker export outlook has raised concerns over rising inventories, particularly as Malaysia approaches its seasonal production peak in September and October.
Before the latest correction, Malaysian CPO futures had rallied for five consecutive trading sessions through August 21, gaining around 6.54% and closing above RM5,000 per tonne for the first time since December 2024.
However, the price rally has also created pressure on demand. A wider price gap with soybean oil could encourage buyers to shift toward alternative vegetable oils offering more competitive prices.
In other markets, the most-active soybean oil contract on the Dalian Commodity Exchange edged up 0.19%, while palm oil futures declined 0.62%. Soybean oil prices on the Chicago Board of Trade, meanwhile, fell 1.68%. (T2)
