PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) climbed to IDR 15,388 per kilogram on Tuesday (19/5/2026), marking an increase of IDR 88 per kilogram, or around 0.58%, compared to Monday’s (18/5/2026) price of IDR 15,300 per kilogram.
According to information obtained by Palmoilmagazine.com from KPBN, Franco Dumai CPO was set at IDR 15,388 per kilogram, while FOB Talang Duku CPO reached IDR 15,188 per kilogram.
Meanwhile, Loco Parindu CPO opened at IDR 15,038 per kilogram, but the tender was withdrawn (WD) after the highest bid only reached IDR 14,850 per kilogram. Loco S Tapung CPO was recorded at IDR 15,149 per kilogram.
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On the kernel market, palm kernel (PK) Franco Belawan was priced at IDR 14,803 per kilogram, with the highest offer reaching IDR 14,585 per kilogram.
The bullish trend was also reflected in the international market. Crude palm oil futures on the Bursa Malaysia Derivatives Exchange extended gains for a third consecutive session on Tuesday, supported by rumors of possible export restrictions from Indonesia, the world’s largest palm oil exporter.
According Reuters, the benchmark August 2026 CPO contract closed up RM53 per ton, or approximately 1.17%, at RM4,587 per ton. During afternoon trading, the contract had surged as much as 2.23% before easing slightly toward the close.
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Apart from speculation surrounding Indonesian export policies, stronger vegetable oil prices in China also supported the Malaysian palm oil market. The most active soybean oil contract on the Dalian Commodity Exchange rose 1.67%, while palm oil futures on the same exchange gained 1.76%.
The rally in competing vegetable oils was seen as providing additional support to global palm oil prices, amid concerns over tighter supply prospects from Indonesia and strengthening demand across the global vegetable oil market. (P3)
