PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) tender at PT Kharisma Pemasaran Bersama Nusantara (KPBN) was withdrawn (WD) once again on Tuesday (February 10, 2026), with the highest bid recorded at IDR 14,345/kg. This marks a decline of IDR 155/kg, or approximately 1.07%, compared to Monday’s (February 9, 2026) highest offer of IDR 14,500/kg.
According to information obtained by Palmoilmagazine.com from KPBN, the CPO Franco Dumai tender opened at IDR 14,400/kg but ended in a withdrawal, with the highest bid reaching IDR 14,345/kg (EUP). Meanwhile, CPO Loco Pelaihari opened at IDR 13,846/kg and was also withdrawn, with the top bid at IDR 13,123/kg (WNI).
The domestic weakness came in line with global market sentiment. As reported by Reuters, CPO futures on the Bursa Malaysia Derivatives Exchange closed lower on Tuesday (February 10, 2026), following the release of the latest data from the Malaysian Palm Oil Board (MPOB) and continued pressure from weaker rival vegetable oil prices in Dalian and Chicago.
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The benchmark April 2026 CPO contract fell by RM63 per ton, or 1.51%, to close at RM4,097 per ton.
MPOB data showed that Malaysia’s palm oil stocks in January 2026 declined by 7.72% month-on-month, marking the first drop in 11 months. The decrease was mainly driven by stronger exports, even though production fell to its lowest level in 10 months.
However, export performance in early February signaled a slowdown. Independent inspection company AmSpec Agri Malaysia reported that palm oil product exports during February 1–10 dropped by 14.3% to 399,995 tons, compared to 466,457 tons in the same period in January.
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From the global market perspective, sentiment remained pressured by movements in competing vegetable oils. The most active soybean oil contract on the Dalian Commodity Exchange slipped 0.3%, while palm oil futures on the same exchange fell 0.69%. Meanwhile, soybean oil on the Chicago Board of Trade declined by 0.64%.
These developments reaffirm the strong correlation between CPO prices and other vegetable oils, reflecting intense competition in the global edible oil market.
Beyond short-term market pressures, Malaysia’s palm oil industry also faces structural challenges. The area of aging oil palm plantations is projected to expand to around 2 million hectares by 2027, up from approximately 1.7 million hectares currently. This trend could weigh on productivity and output, posing risks to Malaysia’s position as the world’s second-largest palm oil producer.
KPBN Tender Results (IDR/kg), Excluding VAT – Tuesday (February 10, 2026):
CPO
- Franco Dumai: IDR 14,400 (WD). Highest bid IDR 14,345 – EUP
- Loco Pelaihari: IDR 13,846 (WD). Highest bid IDR 13,123 – WNI
Crude Palm Kernel Oil (CPKO)
- Franco Dumai: IDR 29,050 – IBP
- Loco Palembang: IDR 28,570 – IKIN
Palm Kernel (PK)
- Franco Belawan: IDR 13,383 – MM
(P2)
