PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices moved in mixed directions at the start of the week on Monday (April 6, 2026), reflecting contrasting dynamics between the domestic and global markets.
In Indonesia, CPO prices from the tender conducted by PT Kharisma Pemasaran Bersama Nusantara (KPBN) recorded a slight increase. The price was set at IDR 16,200 per kg, up by IDR 65 per kg or approximately 0.40% compared to the highest bid recorded on Thursday (April 2, 2026), which stood at IDR 16,135 per kg. The uptick indicates continued domestic demand support despite ongoing volatility in the global market.
According to data compiled by Palmoilmagazine.com, CPO prices for Franco Belawan and Kuala Tanjung were both recorded at IDR 16,200 per kg. Meanwhile, Loco Sei Tapung stood at IDR 15,960 per kg, and FOB Talang Duku was around IDR 16,000 per kg under withdraw (WD) status. The highest bid in the tender reached IDR 15,975 per kg.
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In contrast, CPO trading on the Bursa Malaysia Derivatives closed lower. The decline was mainly driven by profit-taking activities after several sessions of gains in the market.
Citing Reuters, the benchmark CPO futures contract for June 2026 delivery fell by 27 ringgit, or about 0.56%, to 4,812 ringgit per ton. However, the downside was partially limited by supportive sentiment stemming from Thailand’s export policy.
Externally, movements in global energy prices also influenced the CPO market. Crude oil prices dropped by more than US$2 per barrel amid uncertainty surrounding negotiations between the United States and Iran, as well as concerns over supply disruptions linked to shipping issues.
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In some cases, weaker crude oil prices can benefit CPO by making it more competitive as a biodiesel feedstock compared to fossil fuels.
Meanwhile, other vegetable oil markets remained relatively stable. Soybean oil prices on the Chicago Board of Trade rose slightly by 0.07%, indicating steady global demand.
Trading activity in China was relatively subdued early in the week, as the Bursa Dalian was closed for a public holiday. Limited participation from one of the key markets also affected overall liquidity in the global vegetable oil trade.
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With these dynamics in play, market participants are expected to closely monitor external factors, particularly energy price movements and export policies from producing countries, as key drivers of CPO price direction in the near term. (P3)
