PALMOILMAGAZINE, JAKARTA – Indonesia’s crude palm oil (CPO) price in the tender conducted by PT Kharisma Pemasaran Bersama Nusantara (KPBN) on Thursday (April 2, 2026) edged slightly lower after the auction ended in a withdrawal (WD).
The tender opened at IDR 16,275 per kg, but the highest bid only reached IDR 16,135 per kg. This reflects a decline of IDR 90 per kg, or approximately 0.55%, compared to the previous trading session on Wednesday (April 1, 2026), which stood at IDR 16,225 per kg.
According to market information, the Franco Dumai price was initially set at IDR 16,275 per kg. However, the tender failed to reach a deal, resulting in a withdrawal as bids fell below the opening level.
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The outcome highlights cautious sentiment among domestic market participants, who remain wary of global market volatility, including fluctuations in competing vegetable oils and uncertain demand outlook.
In contrast, the global palm oil market moved in the opposite direction. Trading on the Malaysian Palm Oil Futures Exchange closed higher on the same day, recovering from earlier weakness.
Reuters reported that the benchmark June 2026 CPO contract on Bursa Malaysia Derivatives rose by RM25 per ton, or about 0.52%, to settle at RM4,794 per ton.
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The upward movement was supported by rising geopolitical tensions in the Middle East, which influenced broader commodity market sentiment. Additionally, expectations of lower palm oil production in March provided further support to prices.
Market participants are now adopting a wait-and-see approach ahead of the release of official supply and demand data by the Malaysian Palm Oil Board (MPOB), scheduled for April 10, 2026. The report is expected to offer clearer direction for price movements in the near term.
Amid diverging trends between domestic and global markets, industry players are advised to closely monitor both fundamental factors and external developments that could impact market balance in the short run. (P3)
