PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) were recorded as withdrawn (WD) on Tuesday (28/4/2026), reflecting weaker sentiment in both domestic and global markets.
The highest offer for KPBN CPO stood at IDR 15,122/kg, down IDR 337/kg or around 2.18 percent from Monday’s (27/4/2026) level of IDR 15,459/kg.
Based on KPBN trading data, Franco Dumai CPO opened at IDR 15,325/kg but ended withdrawn, with the highest bid reaching IDR 15,122/kg.
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Meanwhile, FOB Talang Duku opened at IDR 15,125/kg and was also withdrawn after the highest offer reached IDR 14,900/kg.
Other locations showed similar trends. Loco Parindu opened at IDR 14,975/kg and closed withdrawn with the highest bid at IDR 14,560/kg. Loco Kembayan opened at IDR 14,875/kg and was withdrawn after the top offer reached IDR 14,542/kg.
In the global market, palm oil futures on Bursa Malaysia Derivatives were largely unchanged during the same trading session, with prices caught between bearish sentiment from Dalian and support from stronger crude oil prices.
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Reuters reported that the benchmark July 2026 CPO contract rose RM3 per ton, or 0.07 percent, to close at RM4,537 per metric ton. The slight gain followed a 1.37 percent decline in the previous session.
Market analysts said weaker palm oil prices in Dalian during Asian trading hours were the main factor limiting further upside in Malaysian futures.
Elsewhere, rival vegetable oils traded mixed. The most active soybean oil contract in Dalian gained 0.14 percent, while its palm oil contract fell 0.59 percent. Chicago Board of Trade soyoil futures rose 0.17 percent.
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Fundamentally, global palm oil prices remain highly influenced by movements in competing vegetable oils, especially soybean oil, as both products compete across food, biodiesel, and oleochemical markets.
Traders are now closely watching April export performance and production data from major producing countries for clearer direction in the near term. (P3)
