PALMOILMAGAZINE, JAKARTA – Indonesia’s domestic crude palm oil (CPO) market remains under pressure, as reflected in the latest tender results from PT Kharisma Pemasaran Bersama Nusantara (KPBN), which once again ended in a withdrawal (WD) on Friday (April 10, 2026).
The highest bid for CPO was recorded at IDR 15,589/kg, down by IDR 189/kg or approximately 1.2% compared to Thursday (April 9, 2026), when prices reached IDR 16,778/kg. The decline signals weakening buying interest amid continued pressure from the global market.
According to KPBN data, the Franco Dumai CPO price opened at IDR 15,730/kg but failed to reach a deal, ending in a withdrawal with the highest bid at IDR 15,589/kg. Similarly, the FOB Talang Duku price opened at IDR 15,530/kg and also resulted in a withdrawal, with bids only reaching IDR 15,392/kg.
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In the global market, pressure on CPO prices intensified, particularly on the Bursa Malaysia Derivatives Exchange, where prices fell sharply at the end of the week. This decline effectively halted a five-week rally.
Citing Reuters, the benchmark June 2026 CPO contract dropped by RM108 per ton, or 2.33%, to RM4,535 per ton, equivalent to around USD1,144.05 per ton.
The downturn also widened the weekly loss to 6.28%, marking the steepest decline in nearly 16 months. Market pressure is largely driven by concerns over a potential production surge during the peak harvest season from April to June, which could exceed global demand.
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Additionally, geopolitical tensions in the Middle East have added further strain by increasing logistics costs and dampening consumption. These factors have heightened market concerns over weakening global demand amid ongoing economic uncertainty.
Meanwhile, other vegetable oils showed mixed trends. The most active soybean oil contract in Dalian rose by 0.4%, while its palm oil contract edged up 0.11%. In contrast, soybean oil prices on the Chicago Board of Trade declined by 0.87%.
Overall, the global vegetable oil market remains under pressure, prompting market participants to stay cautious as they closely monitor production trends, demand dynamics, and geopolitical developments that may influence CPO price movements in the near term. (P3)
