PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN Inacom) remained in a withdrawn (WD) position on Thursday, February 5, 2026. The highest bid price for CPO was recorded at IDR 14,700 per kg, marking a decline of IDR 200 per kg, or around 1.34%, compared with the highest bid on Wednesday (Feb 4, 2026) at IDR 14,900 per kg.
Information obtained by Palmoilmagazine.com from KPBN showed that Franco Dumai CPO opened at IDR 14,800 per kg, but the tender ended in a withdrawal, with the highest bid settling at IDR 14,700 per kg.
Weakness in the domestic market mirrored developments overseas. According to Reuters, crude palm oil futures on the Bursa Malaysia Derivatives Exchange declined on Thursday, tracking losses in vegetable oil prices on the Dalian and Chicago exchanges. Market sentiment was also weighed down by concerns over demand amid a strengthening Malaysian ringgit, which made palm oil more expensive for overseas buyers.
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The benchmark April 2026 palm oil contract on the Bursa Malaysia Derivatives Exchange closed down RM 17 per ton, or about 0.4%, to RM 4,208 per ton, equivalent to USD 1,066.94.
Elsewhere in the vegetable oil market, price movements also trended lower. The most active soybean oil contract in Dalian slipped 0.52%, while palm oil futures in the same exchange fell more sharply by 1.35%. Meanwhile, soybean oil prices on the Chicago Board of Trade were relatively stable, edging down marginally by around 0.05%.
KPBN Tender Results (IDR/kg, excl. VAT) – Thursday, Feb 5, 2026:
CPO
- Franco Dumai: IDR 14,800 (WD)
Highest bid: IDR 14,700 – EUP
Palm Kernel (PK)
- Loko PKS T. Lebar: IDR 12,741 (WD)
Highest bid: IDR 11,680 – SAP
(P2)
