PALMOILMAGAZINE, JAKARTA – Domestic and global crude palm oil (CPO) prices moved in opposite directions on Wednesday (April 15, 2026). In Indonesia, CPO prices declined slightly and ended in withdrawal (WD) during tenders conducted by PT Kharisma Pemasaran Bersama Nusantara (KPBN), while the global market posted modest gains.
Data compiled by Palmoilmagazine.com showed that the highest bid for CPO in the KPBN tender reached Rp 15,222/kg, down by Rp 103/kg or approximately 0.67% compared to Tuesday’s (April 14, 2026) level of Rp 15,325/kg.
In detail, the Franco Dumai CPO price opened at Rp 15,350/kg but ended in withdrawal, with the highest bid recorded at Rp 15,222/kg. Meanwhile, CPO FOB Talang Duku opened at Rp 15,150/kg and also resulted in a withdrawal, with the top bid reaching Rp 15,022/kg.
Also Read: India Cuts Palm Oil Imports by 19% in March as Buyers Hold Back Amid Price Surge
The withdrawal status indicates that no agreement was reached between sellers and buyers, reflecting ongoing uncertainty in the market as participants wait for clearer price direction.
In contrast, the global CPO market on the Bursa Malaysia Derivatives Exchange showed a slight rebound. According to Reuters, the benchmark June 2026 CPO contract rose by RM8 per ton, or about 0.18%, to close at RM4,474 per ton.
The marginal gain followed a previous session where prices had fallen sharply by 1.95%, pressured by weaker global vegetable oil markets.
Also Read: Malaysia CPO Prices Inch Up Despite Export Weakness and Policy Uncertainty
However, overall market sentiment remains subdued. Malaysia’s plan to raise its biodiesel mandate from B12 to B15 has yet to provide a strong enough boost to market confidence.
Movements in other vegetable oil markets were mixed. The most active soybean oil contract on the Dalian exchange fell by 0.41%, while palm oil futures on the same exchange declined by 0.65%. In contrast, soybean oil prices on the Chicago Board of Trade increased by around 0.8%.
Additional pressure came from weak export performance. Cargo surveyor data indicated that Malaysia’s palm oil product exports for the April 1–15 period dropped significantly, ranging between 34.2% and 34.7% compared to the previous period.
Also Read: Global CPO Under Pressure, Bursa Malaysia Drop Over 1% Amid Weak Energy and Demand Signals
With a combination of external pressures and declining export demand, the CPO market is currently moving in a consolidation phase. Market participants are taking a cautious stance, awaiting stronger catalysts—either from energy policy developments or a recovery in global demand—to drive clearer price direction. (P3)
