PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) ended in withdrawal (WD) during trading on Wednesday (April 8, 2026), reflecting mounting pressure in both domestic and global markets.
The highest bid was recorded at IDR 15,750/kg, down IDR 525/kg or approximately 3.23% compared to Tuesday’s (April 7, 2026) level of IDR 16,275/kg.
According to data compiled by Palmoilmagazine.com, CPO Franco Dumai opened at IDR 15,900/kg. However, no deal was reached by the close of trading, resulting in a withdrawal status, with the highest offer remaining at IDR 15,750/kg.
Also Read: Indonesia’s B50 Push May Create Diesel Oversupply While Fuel Prices Stay Unchanged
A similar trend was observed in palm kernel (PK) prices at Loco Tanjung Lebar. The commodity opened at IDR 15,672/kg but also ended in withdrawal, with the highest bid only reaching IDR 14,830/kg.
Globally, pressure on CPO prices was also evident at the Bursa Malaysia Derivatives, where the market declined sharply in line with falling crude oil prices driven by geopolitical developments.
Citing Reuters, the benchmark June 2026 CPO futures contract on the Malaysian exchange fell by RM150 per ton, or about 3.15%, to RM4,615 per ton during the midday break. This marked the third consecutive session of decline.
Also Read: Lamandau Smallholders Pocket IDR 737 Million from RSPO Credits
The downturn in palm oil prices followed a ceasefire agreement between United States and Iran, which led to a drop in global crude oil prices. As a result, vegetable oil markets, including CPO, came under additional pressure.
Meanwhile, the Malaysian government is considering a gradual nationwide expansion of its palm-based B20 biodiesel program. The policy will take into account the sensitivity of CPO prices to fluctuations in global energy markets.
Given these conditions, market participants are expected to closely monitor crude oil movements and energy policies, as they remain key drivers influencing short-term CPO price direction. (P3)
