PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) offered through Indonesia’s state marketing platform PT Kharisma Pemasaran Bersama Nusantara (KPBN Inacom) climbed on Tuesday (10/3/2026), even as palm oil futures on the Malaysian exchange ended the day lower.
KPBN set the CPO reference price at Rp 15,275 per kilogram, marking an increase of IDR 164/kg or about 1.09% compared with the highest bid price on Monday, which stood at IDR 15,111/kg.
Based on data obtained by Palmoilmagazine.com from KPBN, the Franco Dumai CPO price was set at IDR 15,275/kg, while Franco Teluk Bayur was priced at IDR 15,145/kg. Meanwhile, the FOB Talang Duku price reached IDR 15,075/kg.
Malaysian Palm Oil Futures Weaken
According to a report by Bernama, crude palm oil futures on Bursa Malaysia Derivatives closed lower on Tuesday after earlier gains. The decline was largely driven by weakening crude oil prices and profit-taking activities in the global vegetable oil market.
Senior analyst at Fastmarkets Palm Oil Analytics, Sathia Varqa, noted that the pullback in CPO prices also reflected profit-taking following the broader downturn in the vegetable oil complex.
Also Read: Indonesia Strengthens Mandatory ISPO as CPO Production Projected to Reach 48.12 Million Tons
The soybean market also moved lower. The most active May 2026 soybean contract on the Dalian Commodity Exchange (DCE) dropped 83 yuan (around US$12.03) to 4,749 yuan per ton.
Malaysia Palm Oil Stocks Decline in February
Data from the Malaysian Palm Oil Board (MPOB) showed that Malaysia’s palm oil inventories fell by 3.94% in February 2026, declining by about 111,062 tons to 2.7 million tons, compared with 2.82 million tons in January.
CPO stockpiles recorded a sharper drop of 11.67%, falling 195,242 tons to 1.48 million tons, down from 1.67 million tons in the previous month.
The MPOB industry report also indicated declines in both exports and production.
Palm oil exports fell 22.48% in February 2026 to 1.13 million tons, compared with 1.45 million tons in January. Meanwhile, CPO production dropped 18.55%, decreasing 292,534 tons to 1.28 million tons from 1.58 million tons a month earlier.
CPO Futures Contract Movements
At market close, CPO futures on Bursa Malaysia recorded the following movements:
- March 2026 contract fell RM142 to RM4,312 per ton
- April 2026 contract dropped RM142 to RM4,398 per ton
- May 2026 contract declined RM139 to RM4,428 per ton
- June 2026 contract slipped RM131 to RM4,428 per ton
- July 2026 contract fell RM123 to RM4,412 per ton
- August 2026 contract decreased RM118 to RM4,384 per ton
Trading volume also declined to 147,182 lots, compared with 220,402 lots in Monday’s session, while open interest dropped to 226,797 contracts from 237,662 previously.
Meanwhile, the physical CPO price for March South fell RM130 to RM4,370 per ton.
KPBN Tender Results (Excluding VAT) – Tuesday, March 10, 2026
CPO
- Franco Dumai: IDR 15,275/kg – EUP
- Franco Teluk Bayur: IDR 15,145/kg – WIRA
- FOB Talang Duku: IDR 15,075/kg – PRISCOLIN
Palm Kernel (PK)
- Franco Belawan: IDR 14,660/kg – MM
(P2)
