PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom strengthened on Monday (11/5/2026), while the Bursa Malaysia Derivatives Exchange also posted gains, ending a three-session losing streak.
Based on KPBN data, the Franco Dumai CPO price was set at IDR 15,325 per kilogram. The price increased by IDR 103/kg, or around 0.68 percent, compared to the highest bid recorded on Friday (8/5/2026), which stood at IDR 15,222/kg.
Meanwhile, the Loco Ngabang CPO price was set at IDR 14,975/kg. The Loco Parindu tender opened at IDR 14,975/kg, but was later withdrawn (WD), with the highest bid reaching IDR 14,885/kg.
Also Read: Indonesia Raises May 2026 CPO Reference Price to USD 1,049.58/MT, Export Duty Set at USD 178
In the global market, CPO futures on Bursa Malaysia also closed higher. The benchmark July 2026 CPO futures contract rose RM11 per ton, or approximately 0.24 percent, to close at RM4,516 per ton.
The rebound in Malaysian palm oil prices was supported by stronger soybean oil prices and rising global crude oil prices, which improved sentiment across the vegetable oils market.
Global palm oil prices continue to be influenced by movements in competing vegetable oils, particularly soybean oil, as both commodities compete aggressively in the international edible oils market.
During the same trading session, the most active soybean oil contract on the Dalian exchange gained 0.55 percent, while palm oil futures on the exchange edged down slightly by 0.11 percent. Meanwhile, soybean oil prices on the Chicago Board of Trade (CBOT) climbed around 0.71 percent.
Market participants are now closely monitoring export demand, global energy price movements, and developments in vegetable oil supplies, all of which are expected to influence the direction of CPO prices in the near term. (P2)
