PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) price set by PT Kharisma Pemasaran Bersama Nusantara (KPBN) was fixed at IDR 14,100/kg on Monday (23/2/2026), marking a decline of IDR 50/kg, or around 0.35%, from IDR 14,150/kg recorded on Friday (20/2/2026).
According to market information, the Franco Belawan & Dumai price was also set at IDR 14,100/kg.
Meanwhile, CPO futures on Bursa Malaysia Derivatives ended lower on Monday, pressured by weaker export performance and a firmer Malaysian ringgit against the US dollar.
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As reported by Bernama, David Ng, a proprietary trader at Iceberg X Sdn Bhd, noted that the strengthening ringgit dampened buying interest from major importing countries, slowing palm oil shipment momentum.
He added that softer export figures heightened concerns over near-term demand prospects, particularly from key markets such as China and India.
By 6:00 p.m. local time, the ringgit appreciated to 3.8885/8925 against the US dollar, compared with Friday’s close of 3.8995/9055.
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Export surveyor Intertek Testing Services (ITS) estimated Malaysia’s palm oil exports for the period at 863,358 tons, down 8.92% compared with the January 1–20, 2026 period.
Similarly, AmSpec projected exports at 779,834 tons, a sharper decline of 12.62% from the corresponding period in the previous month.
Market sentiment was further weighed down by the continuation of last week’s downward trend, following long liquidation in soybean oil futures on the Chicago Board of Trade (CBOT).
Contract Performance and Trading Volume
At the close:
- March 2026 contract fell RM12 to RM4,051 per ton
- April 2026 declined RM6 to RM4,081 per ton
- May 2026 slipped RM9 to RM4,083 per ton
- June 2026 dropped RM14 to RM4,082 per ton
- July 2026 and August 2026 each plunged RM26, settling at RM4,074 and RM4,073 per ton, respectively
Trading volume shrank to 62,122 lots, down from 81,717 lots last Friday. Open interest also eased to 221,427 contracts from 228,011 contracts previously.
KPBN Tender (IDR/kg, Excluding VAT) – Monday (23/2/2026)
CPO:
- Franco Belawan & Dumai: IDR 14,100 – BEST, AGM
- Loco Luwu: No bidder
The combined pressure from softer exports, currency strength, and external vegetable oil market weakness continues to cap upside momentum in the regional palm oil market. (P2)
