PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices in the tender conducted by PT Kharisma Pemasaran Bersama Nusantara (KPBN) recorded a withdraw (WD) on Monday (9/3/2026), with the highest bid reaching IDR15,111/kg. This level marked an increase of Rp161/kg, or about 1.08%, compared with the previous tender on Friday (6/3/2026), when the price stood at IDR14,950/kg.
Based on information obtained by Palmoilmagazine.com from KPBN, the CPO price for Franco Dumai was opened at IDR16,000/kg. However, the tender ended in a withdraw (WD) after the highest offer reached IDR15,111/kg.
Similarly, the Franco Teluk Bayur tender opened at IDR15,870/kg but was also withdrawn after the highest bid was recorded at IDR14,970/kg. Meanwhile, the FOB Talang Duku tender started at Rp15,800/kg and ended with a withdraw after the top offer reached IDR14,950/kg.
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Reports from Bernama indicated that crude palm oil futures on the Bursa Malaysia Derivatives closed higher on Monday (9/3/2026), breaking above the RM4,500 per ton level—its highest point since October last year.
The rally in CPO prices was largely driven by a sharp surge in global energy markets, which has been influenced by escalating geopolitical tensions in the Middle East.
Senior analyst at Fastmarkets Palm Oil Analytics, Sathia Varqa, noted that CPO prices have shown resilience due to strong support from the global crude oil market.
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According to him, the Fastmarkets South Asia CPO benchmark on the Chicago Mercantile Exchange (CME) has climbed roughly 9% since last Friday through midday trading.
Market participants are also awaiting the release of Malaysia’s palm oil supply and demand data for February from the Malaysian Palm Oil Board (MPOB), scheduled to be announced tomorrow.
Contract Movements and Trading Volume
At the close of trading on Bursa Malaysia Derivatives:
- March 2026 contract rose RM204 to RM4,454 per ton
- April 2026 contract climbed RM204 to RM4,540 per ton
- May 2026 contract increased RM200 to RM4,567 per ton
- June 2026 contract gained RM184 to RM4,559 per ton
- July 2026 contract advanced RM170 to RM4,535 per ton
- August 2026 contract rose RM155 to RM4,502 per ton
Trading activity also strengthened, with volume increasing to 220,402 lots compared to 168,359 lots in the previous session on Friday. Open interest expanded to 237,662 contracts from 224,475 contracts previously.
In the physical market, the March South CPO price surged RM340 to reach RM4,500 per ton.
KPBN CPO Tender Results (Rp/kg, Excluding VAT) – Monday, March 9, 2026:
- Franco Dumai: IDR16,000 (WD), highest bid IDR15,111 – EUP
- Franco Teluk Bayur: IDR15,870 (WD), highest bid IDR14,970 – WNI
- FOB Talang Duku: IDR15,800 (WD), highest bid IDR14,950 – AGM
- Loco Luwu: IDR15,500, bid IDR10,000 – MPR
(P2)
