PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices set by PT Kharisma Pemasaran Bersama Nusantara (KPBN) posted a modest gain on Friday (June 12, 2026), even as palm oil futures on the Bursa Malaysia Derivatives Exchange ended the week lower due to weakness in global energy and vegetable oil markets.
According to data obtained by Palmoilmagazine.com, KPBN’s CPO reference price was set at IDR 15,450 per kilogram, an increase of IDR 50/kg, or approximately 0.32%, compared with IDR 15,400/kg recorded on Thursday.
For domestic transactions, the Franco Dumai CPO price was established at IDR 15,450/kg. Meanwhile, the FOB Talang Duku price stood at IDR 15,250/kg, while FOB Ngabang, FOB Parindu, and FOB Kembayan were each quoted at IDR 15,100/kg.
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In contrast to the domestic market, Malaysian palm oil futures declined across all major contracts. The downturn was driven by weaker global crude oil prices and losses in soybean oil futures on the Chicago Board of Trade (CBOT), which weighed on sentiment across the vegetable oils complex.
According to Bernama, the June 2026 CPO contract fell RM74 to close at RM4,387 per tonne, while the July 2026 contract also dropped RM74 to RM4,435 per tonne.
The August 2026 contract declined RM76 to RM4,475 per tonne, while the September 2026 contract lost RM81 to settle at RM4,511 per tonne.
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Further losses were recorded in the October 2026 contract, which fell RM88 to RM4,544 per tonne. The November 2026 contract posted the largest decline of the day, dropping RM90 to close at RM4,571 per tonne.
Despite the price weakness, trading activity increased significantly. Total trading volume surged to 119,170 lots, nearly double the 59,067 lots recorded in the previous session.
Open interest also rose to 283,511 contracts from 277,876 contracts previously, indicating that investor participation in palm oil futures remained strong despite the market correction.
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In the physical market, the June South Malaysia CPO price declined RM50 to RM4,470 per tonne, mirroring the weakness seen in the futures market.
Market participants are expected to closely monitor developments in global vegetable oil prices, energy markets, and export demand to gauge the short-term direction of palm oil prices. Demand trends from key importing countries and production outlooks in major producing nations will remain important factors influencing market sentiment in the weeks ahead. (P3)
