InfoSAWIT, JAKARTA – Indonesia’s crude palm oil (CPO) market came under pressure on Wednesday, September 30, 2026, as the highest bid recorded at the PT Kharisma Pemasaran Bersama Nusantara (KPBN) tender was withdrawn at Rp14,921 per kilogram.

The highest withdrawn bid represented a decline of Rp129 per kilogram, or around 0.86%, from the Rp15,050 per kilogram recorded at the previous KPBN tender on Tuesday, September 29.

According to KPBN data received by InfoSAWIT, CPO at Franco Belawan was initially offered at Rp15,100 per kilogram before the tender was withdrawn, with the highest bid reaching Rp14,921 per kilogram.

At FOB Talang Duku, the opening price stood at Rp14,850 per kilogram, while the highest bid was Rp14,666 per kilogram before the tender was withdrawn. Meanwhile, CPO at Franco Teluk Bayur opened at Rp14,900 per kilogram, with the highest bid recorded at Rp14,653 per kilogram.

The weakness in Indonesia's physical CPO market came alongside another decline in Malaysian palm oil futures.

Malaysia Palm Oil Futures Fall for Fourth Straight Session

Malaysian palm oil futures on Bursa Malaysia Derivatives extended their decline on Wednesday, marking a fourth consecutive losing session as market participants remained concerned about rising palm oil inventories.

Reuters reported that the benchmark Malaysian palm oil contract for December 2026 delivery fell RM12 per metric ton, or approximately 0.26%, to RM4,612 per metric ton, equivalent to around US$1,132.06 per ton.

The settlement marked the contract's lowest closing level since July 21, 2026.

On a monthly basis, the benchmark contract declined 5.76% throughout September, marking its first monthly decline in four months.

Market sentiment was also influenced by movements in competing vegetable oils. The most-active soybean oil contract on the Dalian Commodity Exchange climbed 1.32%, while the Dalian palm oil contract edged up 0.1%.

Soybean oil futures on the Chicago Board of Trade also advanced, gaining 0.06%.

The mixed movement among competing vegetable oils continued to provide an important signal for palm oil traders, particularly as market participants assessed supply prospects and inventory trends.

KPBN CPO Tender Prices

The following were KPBN's CPO tender indications on Wednesday, September 30, 2026, excluding VAT:

Franco Belawan: Rp15,100/kg (WD); highest bid Rp14,921/kg – EOP

Loco PKS Luwu: No bidder

CIF Gresik Port: Rp15,100/kg (WD); bid Rp14,742/kg – WNI

FOB Talang Duku: Rp14,850/kg (WD); highest bid Rp14,666/kg – PSCOI

Franco Teluk Bayur: Rp14,900/kg (WD); highest bid Rp14,653/kg – WIRA

Loco PKS Bekri: Rp15,000/kg (WD); highest bid Rp14,750/kg – AMJP

Loco PKS Sei Tapung: Rp14,881/kg (WD); highest bid Rp14,587/kg – AGM

For palm kernel, the Franco Medan/Belawan price was recorded at Rp12,903 per kilogram, offered by MM.

The combination of weaker physical tender indications in Indonesia and declining Malaysian futures highlighted continued pressure across the regional palm oil market at the end of September.

(T2)