PALMOILMAGAZINE, JAKARTA – Indonesia’s domestic crude palm oil (CPO) market posted further gains on Thursday (June 4, 2026), with prices rising despite a weaker performance in the regional futures market.
According to the latest tender results from PT Kharisma Pemasaran Bersama Nusantara (KPBN), the CPO reference price was set at IDR15,075 per kilogram, up IDR50 per kilogram, or approximately 0.33%, from IDR15,025 per kilogram recorded a day earlier.
KPBN data showed that CPO prices for Franco Belawa and Dumai were both established at IDR15,075 per kilogram. Meanwhile, Franco Talang Duku was priced at IDR14,875 per kilogram, Franco Teluk Bayur at IDR14,945 per kilogram, and Franco Palembang at IDR14,925 per kilogram.
For crude palm kernel oil (CPKO), the Franco Dumai tender was withdrawn (WD) at IDR28,229 per kilogram, with the highest bid reaching IDR27,080 per kilogram.
Several palm kernel (PK) tenders were also withdrawn. PK at Loco PKS Talang Lebar was listed at IDR12,151 per kilogram with the highest bid at IDR9,600 per kilogram. PK at Loco PKS Solok Selatan was recorded at IDR12,156 per kilogram, while the highest offer reached IDR11,720 per kilogram.
Meanwhile, PK at Loco PKS Bunut stood at IDR12,262 per kilogram with the highest bid of IDR12,000 per kilogram. PK at Loco PKS Pengabuan was quoted at IDR12,146 per kilogram with a top bid of IDR 11,520 per kilogram, while PK at Loco PKS Rimbo Dua was listed at IDR12,152 per kilogram with the highest offer reaching IDR11,750 per kilogram.
Also Read: DPR Calls for Transition Period Before Full Rollout of Palm Oil Export Reform
While Indonesia’s domestic market moved higher, palm oil futures on the Bursa Malaysia Derivatives Exchange closed lower on the same day. The decline was driven by weaker global soybean oil prices and slower Malaysian palm oil exports during May 2026.
Market participants viewed the slowdown in exports as a key factor weighing on sentiment, reflecting continued weakness in demand for Malaysian palm oil and triggering selling pressure in the futures market.
According to Bernama, the June 2026 CPO contract fell RM74 to RM4,531 per tonne, while the July 2026 contract declined RM72 to close at RM4,566 per tonne.
The August and September 2026 contracts each dropped RM76 to RM4,601 per tonne and RM4,629 per tonne, respectively. The October 2026 contract lost RM77 to settle at RM4,657 per tonne, while the November 2026 contract eased RM75 to RM4,686 per tonne.
Trading activity on the Malaysian exchange also slowed, with total volume falling to 95,888 lots from 104,077 lots in the previous session. However, open interest increased to 298,582 contracts from 289,868 contracts, indicating that investor participation in palm oil futures remained relatively strong.
In the physical market, Southern Malaysia CPO prices for June delivery declined RM90 to RM4,550 per tonne, mirroring the weakness seen in futures trading.
Also Read: Indonesia Warns Palm Oil Mills Over FFB Underpricing, Threatens License Revocations
The contrasting performance between Indonesia’s domestic market and Malaysia’s futures market suggests that local demand continues to provide support for Indonesian CPO prices, even as global sentiment remains under pressure from softer exports and movements in competing vegetable oil markets. (P3)
