InfoSAWIT, JAKARTA – Indonesia’s crude palm oil (CPO) market came under renewed pressure on Friday, September 25, 2026, as the CPO tender price at PT Kharisma Pemasaran Bersama Nusantara (KPBN) was withdrawn, while Malaysian palm oil futures fell to their lowest level in more than seven weeks.

According to information obtained by InfoSAWIT from KPBN, the highest CPO bid for Franco Belawan stood at Rp15,000 per kilogram after the initial offer of Rp15,300/kg was withdrawn. The figure was Rp515/kg, or around 3.32%, lower than Thursday’s Rp15,515/kg.

At other delivery points, the CPO offer at FOB Talang Duku was initially set at Rp15,050/kg before being withdrawn, with the highest bid reaching Rp14,749/kg. Meanwhile, Franco Teluk Bayur opened at Rp15,100/kg and was also withdrawn, with the highest bid at Rp14,799/kg.

The weakness was also reflected in the Malaysian palm oil futures market. According to Reuters, the benchmark December 2026 contract on the Bursa Malaysia Derivatives Exchange dropped RM99 per tonne, or 2.07%, to RM4,673 (US$1,148.16) per tonne. The settlement marked its lowest level since August 3.

The contract also posted a weekly decline of 4.59%, reversing the previous week’s 1.74% gain. Market pressure was linked to expectations of higher production and weaker exports, raising concerns over a potential buildup in palm oil inventories.

Market sentiment was also influenced by India’s decision to cut the basic import duty on crude and refined vegetable oils, including palm oil, soybean oil and sunflower oil. The move was aimed at easing food oil prices amid stronger demand during the country’s festive season.  (T2)