PALMOILMAGAZINE, JAKARTA — Crude palm oil (CPO) prices at KPBN Inacom recorded another withdrawal (WD) during trading on Friday (22/5/2026), although the highest bid price posted a slight increase compared to the previous trading session.
According to information obtained by Palmoilmagazine.com, the highest CPO bid reached IDR12,377/kg, up IDR92/kg or approximately 0.75% from Thursday’s (21/5/2026) highest bid of IDR12,285/kg.
For Franco Kuala Tanjung and Dumai, the opening price was set at IDR15,040/kg before ending in withdrawal with the highest bid at IDR12,377/kg. Meanwhile, FOB Talang Duku opened at IDR14,840/kg and closed in withdrawal with the highest bid recorded at IDR12,177/kg.
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At other trading points, Franco Teluk Bayur opened at IDR14,910/kg and ended in withdrawal with the highest bid at IDR11,870/kg. Loco Ngabang opened at IDR14,690/kg and posted the highest bid at IDR11,894/kg before withdrawal, while Loco Parindu also opened at IDR14,690/kg and recorded a top bid of IDR12,804/kg.
For downstream products, CPKO FOB Palembang opened at IDR29,565/kg and was withdrawn with the highest bid at IDR29,100/kg from AMJP. Palm kernel (PK) Franco Belawan opened at IDR14,391/kg and closed in withdrawal with the highest bid at IDR13,975/kg from MM.
Globally, however, palm oil trading on the Bursa Malaysia Derivatives turned higher during Friday’s midday session. The rebound was driven by bargain buying after sharp market pressure earlier this week following Indonesia’s announcement of a new palm oil export monitoring system.
Also Read: Risky reawakening of the state-controlled commodity export
Reuters reported that the benchmark August 2026 CPO contract rose RM40 per ton, or around 0.9%, to RM4,498 per ton during the midday trading break.
The recovery also raised hopes for the market to post its first weekly gain after three consecutive weeks of declines. As of Friday midday trading, CPO prices had gained approximately 1.76% on a weekly basis.
Meanwhile, rival vegetable oil markets showed mixed movements. The most active soybean oil contract on China’s Dalian exchange fell about 0.85%, while Dalian palm oil futures weakened 1.65%.
In the United States, soybean oil prices on the Chicago Board of Trade edged up around 0.35%, reflecting mixed sentiment across the global vegetable oil market. (P3)
