PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices marketed through PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom recorded a significant increase on Tuesday (June 2, 2026), rising nearly 8% from the previous trading session amid a temporary closure of Malaysia’s palm oil futures market for public holidays.
According to information obtained by Palmoilmagazine.com from KPBN, the CPO price at Franco Kuala Tanjung was set at IDR 14,850 per kilogram. The figure represented an increase of IDR 955 per kilogram, or approximately 7.7%, compared to the highest bid recorded on Friday (May 29, 2026), which stood at IDR 13,895 per kilogram.
At Franco Belawan, CPO was also offered at IDR 14,850 per kilogram. However, the tender was withdrawn after the highest bid reached only IDR 13,773 per kilogram.
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Meanwhile, CPO at FOB Talang Duku was priced at IDR 14,650 per kilogram, while Franco Teluk Bayur was set at IDR 14,720 per kilogram.
In other domestic markets, CPO at Loco Parindu was offered at IDR 14,500 per kilogram but was later withdrawn after attracting a highest bid of IDR 13,288 per kilogram. A similar situation occurred at Loco Kembayan, where the offer price was also IDR 14,500 per kilogram before being withdrawn following a top bid of IDR 13,213 per kilogram.
At Loco Luwu, CPO was offered at IDR 14,350 per kilogram. However, the tender was withdrawn after receiving a bid of only IDR 8,000 per kilogram.
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For downstream products, crude palm kernel oil (CPKO) at Franco Kuala Tanjung was offered at IDR 28,670 per kilogram before being withdrawn, with the highest bid recorded at IDR 28,000 per kilogram. The same offer price applied to CPKO at Franco Dumai, where the highest bid reached IDR 26,500 per kilogram.
CPKO at FOB Palembang was also offered at IDR 28,670 per kilogram and subsequently withdrawn after receiving a highest bid of IDR 28,050 per kilogram.
Meanwhile, palm kernel (PK) at Franco Medan/Belawan was traded at IDR 13,360 per kilogram.
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The strong increase in domestic CPO prices coincided with a temporary halt in trading activities on Bursa Malaysia Derivatives (BMD). Bursa Malaysia and its subsidiaries suspended operations on June 1–2, 2026, in observance of the King’s Birthday holiday and a replacement holiday for Wesak Day.
With no trading activity taking place during the two-day closure, global market participants are awaiting fresh price signals from Malaysia’s benchmark palm oil market. Trading is scheduled to resume on Wednesday (June 3, 2026), with market observers expecting the reopening to provide important direction for palm oil price movements across the region in the coming days. (P3)
