PALMOILMAGAZINE, JAKARTA — Crude palm oil (CPO) trading at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was withdrawn (WD) on Wednesday (14/1/2026), with the highest bid recorded at IDR 14,456 per kg. As a result, KPBN’s CPO reference price declined IDR 99 per kg, or about 0.99%, from IDR 14,555 per kg in the previous session.
Information obtained by Palmoilmagazine.com from KPBN showed that Franco Dumai CPO opened at IDR 14,505 per kg but was withdrawn, with the highest bid reaching IDR 14,456 per kg. Meanwhile, Franco Teluk Bayur opened at IDR 14,375 per kg and was also withdrawn, after the top offer reached IDR 14,209 per kg.
In contrast, global markets showed renewed strength. According to Reuters, Malaysian palm oil futures rebounded on Wednesday after weakening in the previous session. The recovery was supported by rising prices of rival vegetable oils and early signs of improving export demand, particularly from India and China.
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On the Bursa Malaysia Derivatives Exchange, the benchmark March 2026 palm oil contract rose RM43 per ton, or 1.06%, to RM4,107 per ton by the midday break.
Market movements were broadly in line with gains across the vegetable oil complex, including soybean oil in Chicago and oils traded on the Dalian exchange.
Cargo surveyors estimated that Malaysia’s palm oil product exports for January 1–10 jumped between 17.7% and 29.2% compared with the same period a month earlier. Export estimates for January 1–15 are scheduled to be released on Thursday.
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In competing markets, the most active Dalian soybean oil contract edged up 0.15%, while Dalian palm oil futures climbed 0.2%. Chicago Board of Trade soybean oil also gained 0.2%, reinforcing bullish sentiment across global vegetable oil markets.
KPBN Tender Results (IDR/kg, Excluding VAT) – Wednesday, Jan 14, 2026
CPO
- Franco Dumai: IDR 14,505 (WD) – Highest bid IDR 14,456 (EUP)
- Franco Teluk Bayur: IDR 14,375 (WD) – Highest bid IDR 14,209 (WIRA)
- FOB Palembang: IDR 14,355 (WD) – Highest bid IDR 14,209 (AGM)
- FOB South Kalimantan: IDR 14,105 (WD) – Highest bid IDR 13,333 (WNI)
(P2)
