PALMOILMAGAZINE, JAKARTA — Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom continued to weaken on Friday (February 13, 2026), reflecting ongoing pressure in both domestic and international markets.
KPBN set the CPO price at IDR 14,100 per kilogram, marking a decline of IDR 108/kg or approximately 0.76% compared to Thursday’s level of IDR 14,208/kg. The downward adjustment underscores cautious sentiment among buyers amid softening global vegetable oil markets.
According to information obtained Palmoilmagazine.com from KPBN, the Franco Belawan & Dumai CPO price was recorded at IDR 14,208/kg. Meanwhile, Loco Sei Tapung opened at IDR 13,969/kg but was later withdrawn, with the highest bid reaching IDR 13,761/kg.
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On the global front, CPO futures at Bursa Malaysia Derivatives extended their decline for the fourth consecutive session on Friday, tracking weaker vegetable oil contracts in China and the United States.
Citing Reuters, the benchmark April 2026 CPO contract fell RM29 per ton, or about 0.72%, to RM4,008 per ton by the midday break. On a weekly basis, prices have corrected by approximately 3.51%, putting the market on course for a second straight weekly loss.
In China, the most active soyoil contract on the Dalian exchange slipped 0.86%, while its palm oil contract dropped 1.54%. Meanwhile, soyoil prices on the Chicago Board of Trade edged down 0.33%.
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The movement highlights palm oil’s close correlation with competing vegetable oils, as the commodity continues to compete for global edible oil market share. Any weakness in soybean oil or other substitutes typically weighs on palm oil prices.
Market sentiment has also been dampened by China’s upcoming Lunar New Year holiday from February 16–23, which is expected to temporarily reduce trading activity and near-term demand.
From a policy perspective, Malaysia raised its reference CPO price for March. However, the export duty remains unchanged at 9%, according to a circular published by the Malaysian Palm Oil Board.
Also Read: China Weighs Costly U.S. Soybean Imports as Diplomacy Competes with Market Logic
In Indonesia, the government’s decision to delay the expansion of the biodiesel program has added further uncertainty. Analysts suggest that the postponement, combined with expectations of higher production in the coming months, could exert additional pressure on prices.
That said, relatively firm demand and slower global production growth may help limit deeper losses in the near term.
KPBN Tender Results (IDR/kg, Excluding VAT) – Friday (February 13, 2026):
CPO
- Franco Belawan & Dumai: IDR 14,100 – EOP, IBP
- Loco Sei Tapung: IDR 13,861 (WD). Highest bid: IDR 13,649 – WNI
- Loco Long Pinang: No bidder
- Loco Luwu: No bidder
Palm Kernel (PK)
- Franco Belawan: IDR 13,465 – SMART
The current correction reflects a market in consolidation mode, with traders closely monitoring policy developments, holiday demand patterns in China, and production trends in both Indonesia and Malaysia. (P2)
