InfoSAWIT, JAKARTA – Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) were withdrawn from Tuesday’s tender, September 8, 2026, with the highest bid recorded at Rp15,957 per kilogram.

The latest tender result marked a decline of Rp81 per kilogram, or around 0.51 percent, from the highest bid of Rp16,038 per kilogram recorded on Monday, September 7.

According to information obtained by InfoSAWIT from KPBN, the CPO price at Franco Dumai opened at Rp16,135 per kilogram before the tender was withdrawn, with the highest bid reaching Rp15,957 per kilogram from SPC.

At FOB Talang Duku, CPO opened at Rp15,885 per kilogram and was subsequently withdrawn, with the highest bid standing at Rp15,702 per kilogram from PSCOI.

Meanwhile, CPO at Franco Teluk Bayur opened at Rp15,935 per kilogram before the tender was withdrawn. The highest bid was recorded at Rp15,659 per kilogram from WIRA.

Despite the softer KPBN tender outcome, Malaysian palm oil futures extended their advance for a third consecutive trading session on Tuesday. The gains were supported by stronger rival vegetable oils and higher crude oil prices.

The benchmark palm oil contract for November 2026 delivery on the Bursa Malaysia Derivatives Exchange rose RM21, or 0.42 percent, to RM4,999 per metric ton in early trading. The move brought Malaysian palm oil futures close to the RM5,000-per-ton threshold.

The broader vegetable oil market also provided support. According to Reuters, the most-active soybean oil contract on the Dalian Commodity Exchange gained 0.42 percent, while the most-active palm oil contract in Dalian climbed 1.67 percent.

Soybean oil prices on the Chicago Board of Trade also advanced, rising 0.59 percent.

Currency movements offered additional support to Malaysian palm oil prices. The Malaysian ringgit, the currency used in CPO trading, weakened 0.05 percent against the US dollar.

KPBN’s other tender results on Tuesday included CPKO at Franco Dumai at Rp30,280 per kilogram, traded with IBP, while palm kernel at Franco Belawan was recorded at Rp13,960 per kilogram.

For CPO, Loco PKS Kembayan was quoted at Rp15,570 per kilogram before withdrawal, with the highest bid at Rp15,507 from EUP. Loco PKS Parindu was offered at Rp15,645, with the highest bid at Rp15,607, also from EUP.

At Loco PKS Ngabang, the opening price was Rp15,720 per kilogram, with the highest bid at Rp15,607 from EUP. Loco PKS Luwu recorded no bidder.

The contrasting movements between the domestic KPBN tender and the stronger Malaysian futures market highlight the mixed dynamics currently shaping the palm oil market, with international vegetable oil prices and currency movements remaining key factors for market direction. (T2)