PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) tenders conducted by PT Kharisma Pemasaran Bersama Nusantara (KPBN) were withdrawn on Friday (May 8, 2026), as domestic palm oil prices remained largely unchanged amid cautious market sentiment.
The highest bid for CPO in the KPBN tender reached IDR15,222/kg, unchanged from the highest offer recorded on Thursday (May 7, 2026), which also stood at IDR15,222/kg.
According to information obtained by Palmoilmagazine.com from KPBN, the Franco Dumai CPO tender opened at IDR15,275/kg but was later withdrawn (WD), with the highest bid settling at IDR15,222/kg.
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Meanwhile, the Loco Parindu tender opened at IDR14,925/kg before also being withdrawn, with the top bid recorded at IDR14,872/kg. Similar conditions occurred at other delivery points, with Loco Ngabang opened at IDR14,925/kg and withdrawn after the highest bid reached IDR14,872/kg, while Loco Kembayan opened at IDR14,825/kg and ended with the highest offer at IDR14,772/kg EUP.
In the global market, CPO trading on the Bursa Malaysia Derivatives Exchange continued to move within a consolidation phase as traders awaited the release of monthly supply and demand data from the Malaysian Palm Oil Board (MPOB) scheduled for next week.
The cautious wait-and-see attitude kept benchmark palm oil futures nearly unchanged during Friday’s midday trading session, while also putting the market on track for a second consecutive weekly decline.
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The benchmark July 2026 CPO futures contract on Bursa Malaysia was quoted steady at RM4,541 per ton at midday. On a weekly basis, the contract has declined around 1.03%, reflecting investor caution over short-term market direction.
Additional pressure came from competing vegetable oils. The most active soybean oil contract on the Dalian exchange fell 1.14%, while palm olein futures on the same exchange dropped 0.87%.
In contrast, soybean oil prices on the Chicago Board of Trade rose 0.65%, highlighting mixed sentiment across the global vegetable oil market. (P3)
