PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices moved in mixed directions between the domestic and global markets on Thursday (April 9, 2026). In Indonesia, tenders conducted by PT Kharisma Pemasaran Bersama Nusantara (KPBN) via the Inacom system ended in a withdrawal (WD), while international prices posted a modest gain.
According to data compiled by Palmoilmagazine.com from KPBN, the highest bid for CPO reached IDR 15,778/kg. Despite the withdrawal, this figure marked an increase of IDR 28/kg, or approximately 0.18%, compared to the previous day’s highest bid of IDR 15,750/kg.
In the tender details, the Franco Dumai price opened at IDR 15,850/kg but failed to reach a deal, closing in withdrawal with a top bid of IDR 15,778/kg. Similarly, the FOB Talang Duku price opened at IDR 15,650/kg and ended in withdrawal, with the highest bid recorded at IDR 15,300/kg.
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This outcome reflects continued caution among domestic market participants, as traders remain sensitive to global price volatility and external market pressures.
In contrast, the CPO market on Bursa Malaysia Derivatives recorded a slight rebound. Citing Reuters, the benchmark June 2026 CPO futures contract rose by RM29 per ton, or about 0.63%, to RM4,615 per ton during trading.
The uptick was driven by bargain buying after prices had fallen more than 3% in the previous session. Additionally, recovering crude oil prices lent support to the broader vegetable oil market, including palm oil.
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However, gains in global CPO prices were capped by mixed movements in other vegetable oils. On the Chicago Board of Trade, soybean oil futures edged up 0.44%. Meanwhile, on the Dalian Commodity Exchange, soybean oil futures declined by 0.68%, and palm oil contracts slipped by 0.52%.
These divergent trends indicate that the global market remains in a consolidation phase, as traders weigh fundamental factors against external influences such as energy prices and global demand.
Overall, while global CPO prices are showing early signs of recovery, the domestic market remains cautious. This is evident from the repeated withdrawals in KPBN tenders, signaling that buyers and sellers have yet to reach a price agreement. (A3)
