PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) again ended in withdrawal (WD) during trading on Thursday (21/5/2026), in line with continued weakness in the global palm oil market at the Bursa Malaysia Derivatives Exchange.
According to information obtained by Palmoilmagazine.com from KPBN, the highest CPO bid price was recorded at IDR 12,285/kg. The figure marked a decline of IDR 2,215/kg, or around 15.21 percent, compared to Wednesday’s (20/5/2026) highest bid price of IDR 14,500/kg.
For the Franco Dumai tender, the opening price was set at IDR 15,500/kg, but the tender ended in withdrawal with the highest bid remaining at IDR 14,500/kg.
Meanwhile, FOB Talang Duku CPO opened at IDR 14,865/kg and was also withdrawn after the highest bid reached only IDR 12,285/kg. Franco Teluk Bayur opened at IDR 14,935/kg before ending in withdrawal with the highest offer at IDR 12,380/kg.
At another location, Loco Ngabang opened at IDR 14,715/kg and was withdrawn with the highest bid recorded at IDR 12,904/kg.
For palm kernel (PK) Franco Belawan, the opening price stood at IDR 14,862/kg, while the highest bid reached IDR 14,230/kg before the tender was withdrawn.
The domestic price decline mirrored movements in the Bursa Malaysia Derivatives Exchange, where CPO futures weakened again on Thursday (21/5/2026), extending losses for a second consecutive session.
Reported by Reuters, the benchmark August 2026 CPO contract on the Bursa Malaysia Derivatives Exchange fell RM55 per ton, or about 1.2 percent, to RM4,528 per ton during the midday trading break.
Negative sentiment was driven by concerns over slowing Malaysian palm oil exports throughout May 2026. Cargo surveyor data showed that Malaysian palm product exports during the May 1–20 period were estimated to have declined between 13.9 percent and 20.5 percent compared to the previous month.
Also Read: Sawit Watch Raises Alarm Over Indonesia’s Single-Gate CPO Export Proposal
The weaker export outlook added further pressure to the market, especially as competing vegetable oils such as soybean oil also moved lower globally.
At the Dalian Commodity Exchange, the most active soybean oil contract fell 0.61 percent, while palm oil futures on the same exchange declined about 1 percent.
Additional pressure came from the United States market, where soybean oil prices on the Chicago Board of Trade (CBOT) slipped around 0.43 percent.
Also Read: POPSI Criticizes Government’s Single-Gate Palm Oil Export Plan
Market participants are now closely monitoring export demand from major consuming countries such as India and China, amid ongoing volatility in global vegetable oil prices and movements in the energy market. (P3)
