PALMOILMAGAZINE, JAKARTA – Indonesia’s crude palm oil (CPO) market recorded a mild uptick on Tuesday (April 7, 2026), even as global headwinds continued to weigh on overall sentiment.
CPO prices set by PT Kharisma Pemasaran Bersama Nusantara (KPBN) were recorded at IDR 16,275/kg, marking an increase of IDR 75/kg or approximately 0.46% compared to the previous day’s level of IDR 16,200/kg. The marginal gain reflects relatively stable domestic demand, though not yet strong enough to drive a sharper rally.
According to KPBN data, the Franco Dumai CPO price was set at IDR 16,275/kg. Meanwhile, the FOB Talang Duku opening price stood at IDR 16,075/kg, but no deal was concluded as the highest bid only reached IDR 15,983/kg, resulting in a withdrawal (WD).
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For downstream products, crude palm kernel oil (CPKO) Franco Dumai was priced at IDR 35,130/kg, while palm kernel (PK) Franco Belawan hovered around IDR 16,128/kg.
In contrast, the global market moved in the opposite direction. CPO trading on the Malaysian Derivatives Exchange closed lower again, extending losses for a second consecutive session. The decline was largely driven by weaker crude oil prices, which continued to pressure the broader vegetable oil market.
Citing Reuters, the benchmark June 2026 CPO contract on Bursa Malaysia fell by RM45 per ton, or about 0.94%, to RM4,766 per ton. The contract had briefly traded higher במהלך intraday before slipping into negative territory by the close.
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Market participants are now awaiting the official supply and demand report from the Malaysian Palm Oil Board (MPOB), scheduled for release on April 10. The report is expected to serve as a key catalyst, particularly regarding production, stock levels, and export outlook.
Elsewhere in the vegetable oils market, price movements were mixed. On the Dalian Commodity Exchange, the most active soybean oil contract rose 0.85%, while its palm oil contract slipped 0.36%.
Overall, the market remains in a consolidation phase, with global players closely monitoring external factors ranging from energy price movements to fundamental supply-demand dynamics. (P3)
