PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices in the latest tender conducted by KPBN Inacom showed signs of improvement on Wednesday (June 17, 2026), with the highest bid increasing from the previous trading session. However, all offered lots ended in withdrawal (WD) as bids failed to meet sellers’ target prices.
Data obtained by Palmoilmagazine.com from KPBN Inacom showed that the highest CPO bid reached IDR 15,150 per kilogram, up IDR 151/kg, or approximately 1.01%, compared with the highest bid of IDR 14,999/kg recorded during the tender on Monday (June 15).
The increase suggests that domestic demand remains relatively firm, although buyers and sellers have yet to reach agreement on pricing, resulting in no concluded transactions.
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At Franco Dumai, CPO was offered at an opening price of IDR 15,400/kg, while the highest bid reached IDR 15,150/kg before the tender was withdrawn. Meanwhile, the FOB Teluk Bayur tender opened at IDR 15,270/kg and received a top bid of IDR 14,970/kg.
KPBN Inacom CPO Tender Results, excluding VAT, on Wednesday (June 17, 2026):
- Franco Dumai: Opening price IDR 15,400/kg (WD), highest bid IDR 15,150/kg
- FOB Teluk Bayur: Opening price IDR 15,270/kg (WD), highest bid IDR 14,970/kg
- FOB Talang Duku: Opening price IDR 15,200/kg (WD), highest bid IDR 14,950/kg
- Loco Parindu: Opening price IDR 15,050/kg (WD), highest bid IDR 14,773/kg
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The tender results indicate that market participants remain cautious amid ongoing volatility in global vegetable oil markets, while still showing a willingness to bid at higher levels than earlier in the week. Continued strength in international edible oil prices could provide additional support to Indonesia’s CPO market in upcoming trading sessions. (P3)
