PALMOILMAGAZINE, JAKARTA – Crude Palm Oil (CPO) prices marketed through PT Kharisma Pemasaran Bersama Nusantara (KPBN) moved higher on Monday (June 8, 2026), tracking the positive momentum seen in the Malaysian palm oil futures market. The gains were supported by stronger global crude oil prices and a rally in soybean oil, which improved sentiment across the vegetable oils complex.
Based on KPBN tender results, the highest CPO price was set at IDR 15,175 per kilogram, up IDR 125 per kilogram, or approximately 0.83%, from IDR 15,050 per kilogram recorded on Friday (June 5, 2026).
Data obtained by Palmoilmagazine.com showed that Franco Kuala Tanjung and Franco Dumai CPO prices were both set at IDR 15,175/kg. Meanwhile, Franco Teluk Bayur was priced at IDR 15,045/kg, while FOB Talang Duku stood at IDR 14,975/kg.
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For Franco Parindu, the tender opened at IDR 14,825/kg but ended in a withdrawal (WD). The highest bid submitted reached IDR 14,615/kg.
In the international market, CPO futures on the Bursa Malaysia Derivatives Exchange closed higher on Monday, supported by rising crude oil prices that enhanced the competitiveness of palm-based biodiesel and by gains in soybean oil prices that lifted overall sentiment in the vegetable oils market.
Market participants were also encouraged by expectations of lower palm oil production in the coming weeks. Anticipation of tighter supplies has strengthened confidence that market fundamentals will remain supportive for prices.
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According to Bernama, the June 2026 CPO contract gained RM13 to close at RM4,505 per tonne, while the July 2026 contract also rose RM13 to RM4,539 per tonne.
The August 2026 contract climbed RM21 to RM4,575 per tonne, while the September 2026 contract advanced RM23 to RM4,607 per tonne.
Meanwhile, the October 2026 contract increased RM22 to RM4,638 per tonne, and the November 2026 contract posted the largest gain of the session, rising RM24 to RM4,671 per tonne.
Despite stronger prices, overall trading activity slowed. Trading volume fell to 51,506 lots from 98,296 lots in the previous session. Open interest also eased to 290,490 contracts, down from 293,957 contracts.
In the physical market, the June delivery CPO price in South Malaysia remained unchanged at RM4,520 per tonne, indicating relatively balanced supply and demand conditions despite the strength in futures trading.
The simultaneous rise in domestic and international CPO prices provides a positive signal for the palm oil industry. Market participants will continue monitoring production trends in major producing countries, as well as developments in energy and competing vegetable oil markets, which could influence the direction of palm oil prices in the near term. (P3)
