PALMOILMAGAZINE, JAKARTA – Domestic crude palm oil (CPO) prices continued to decline on Wednesday (13/5/2026), in line with weaker sentiment in the global palm oil market. PT Kharisma Pemasaran Bersama Nusantara (KPBN) set CPO prices at IDR 15,100 per kilogram, down IDR 50 per kilogram or approximately 0.33% compared to the previous trading day at IDR 15,150 per kilogram.
According to market information compiled by Palmoilmagazine.com from KPBN, the Franco Dumai CPO price was set at IDR 15,100 per kilogram. Meanwhile, CPO Loco Parindu opened at IDR 14,750 per kilogram but ended in withdrawal (WD), with the highest bid recorded at IDR 14,353 per kilogram.
For downstream products, crude palm kernel oil (CPKO) Franco Dumai opened at IDR 32,146 per kilogram, but the tender was also withdrawn, with the highest offer reaching IDR 31,350 per kilogram. Meanwhile, palm kernel (PK) Franco Belawan was priced at IDR 14,828 per kilogram.
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The weakening domestic prices mirrored bearish trading on the Bursa Malaysia Derivatives, where palm oil futures continued to fall amid slowing demand from India and China, the world’s two largest palm oil buyers.
Reuters reported that the benchmark July 2026 CPO futures contract declined by RM41 per metric ton, or around 0.91%, to close at RM4,440 per metric ton. The settlement marked the lowest closing level since March 10, 2026.
Market analysts said slowing imports from India have started to place significant pressure on the global palm oil market. Data from the Solvent Extractors’ Association of India showed that the country’s palm oil imports in April 2026 plunged 26% from the previous month, reaching the lowest level in four months.
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The decline was attributed to weaker institutional demand and elevated CPO prices, which narrowed the price gap with competing vegetable oils. As a result, some buyers have shifted to alternative edible oils considered more competitively priced.
In other vegetable oil markets, the most active soybean oil contract on the Dalian Commodity Exchange slipped 0.04%, while palm oil futures on the same exchange fell 1.28%.
In contrast, soybean oil prices on the Chicago Board of Trade (CBOT) edged up 0.11%, reflecting cautious market sentiment as traders continued to monitor global demand and supply developments in the vegetable oil sector.
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Industry observers expect CPO prices to remain volatile in the near term, especially if demand recovery from India and China remains weak. (P3)
