PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) moved higher on Thursday (30/4/2026), despite all tenders ending in withdrawal (WD). The highest bid reached IDR 15,400 per kilogram, up IDR 180/kg or around 1.18% from Wednesday’s level of IDR 15,220/kg.
The price increase indicates buying interest remains present in Indonesia’s domestic market, although bids were still below seller expectations, preventing transactions from being concluded.
Based on market data, Franco Dumai CPO opened at IDR 15,450/kg but ended in withdrawal, with the highest bid at IDR 15,400/kg. Meanwhile, FOB Talang Duku opened at IDR 15,250/kg and was also withdrawn, with the top bid reaching IDR 15,112/kg.
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In Kalimantan, Loco Parindu opened at IDR 15,100/kg but ended withdrawn, with the highest bid at IDR 14,787/kg. Loco Kembayan opened at IDR 15,000/kg and closed withdrawn with a top offer of IDR 14,762/kg.
Loco Ngabang also opened at IDR 15,100/kg and ended in withdrawal, with the highest bid recorded at IDR 14,947/kg.
Meanwhile, the international market moved in the opposite direction. CPO futures on Bursa Malaysia Derivatives closed lower on Thursday as traders adopted a cautious stance ahead of a long holiday break expected to slow regional trading activity.
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According to Bernama, market pressure emerged after traders reduced risk exposure, particularly as China’s Dalian Commodity Exchange (DCE) will remain closed longer during the holiday period.
In detail, the May 2026 CPO contract slipped RM1 to RM4,504 per ton. June 2026 fell RM5 to RM4,540 per ton, while July 2026 declined RM8 to RM4,570 per ton.
The August 2026 contract dropped RM16 to RM4,588 per ton. September 2026 lost RM22 to RM4,599 per ton, while October 2026 eased RM20 to RM4,609 per ton.
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Despite weaker prices, trading activity increased. Total volume rose to 84,955 lots from 73,968 lots in the previous session. Open interest also climbed to 259,891 contracts from 256,779 earlier.
In the physical market, May delivery CPO prices also fell RM10 to RM4,550 per ton.
The divergence between Indonesia’s domestic market and Bursa Malaysia highlights differing market dynamics. Local prices remain supported by domestic demand, while the global market is trading defensively ahead of the holiday break and awaiting fresh demand signals from major importing countries. (P3)
