PALMOILMAGAZINE, JAKARTA – Indonesia’s domestic crude palm oil (CPO) market recorded a significant increase on Wednesday (24/6/2026), with prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) rising to IDR 15,650 per kilogram.
The latest price represents an increase of IDR 335 per kilogram, or approximately 2.19%, compared with the highest offer price of IDR 15,315 per kilogram recorded on Tuesday (23/6/2026).
According to information obtained by Palmoilmagazine.com from KPBN, the Franco Dumai CPO price was set at IDR 15,650 per kilogram, making it the highest reference price in Wednesday’s trading session.
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Meanwhile, the FOB Talang Duku CPO tender opened at IDR 15,450 per kilogram. However, the tender ended in a withdrawal (WD), with the highest bid reaching IDR 15,445 per kilogram.
A similar situation occurred at FOB Teluk Bayur. The opening price stood at IDR 15,520 per kilogram, but the tender was withdrawn after the highest offer reached only IDR 15,203 per kilogram.
For palm kernel (PK), prices at Loko PKS Rantau Dua were recorded at IDR 11,727 per kilogram, while Loko PKS Talang Lebar posted a price of IDR 11,726 per kilogram.
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Despite the stronger domestic market, international palm oil prices continued to weaken. According to Reuters, crude palm oil futures on the Bursa Malaysia Derivatives Exchange fell for a second consecutive session on Wednesday as mixed performances among competing vegetable oils and lower crude oil prices weighed on sentiment.
The benchmark September 2026 CPO contract declined by RM6 per metric ton, or approximately 0.13%, to RM4,652 per ton during the midday trading break. During the session, prices traded within a narrow range between RM4,646 and RM4,690 per ton.
Market pressure was also influenced by declining crude oil prices, which reduced the attractiveness of vegetable oil-based biodiesel feedstocks, including palm oil.
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Global vegetable oil markets showed mixed performance. On China’s Dalian Commodity Exchange, the most active soybean oil contract rose 0.36%, while the most active palm oil contract fell 0.45%.
Meanwhile, soybean oil futures on the Chicago Board of Trade (CBOT) remained largely unchanged, reflecting cautious sentiment as market participants await clearer signals regarding global demand, energy prices, and production prospects among major vegetable oil producers.
The contrasting movements between Indonesia’s domestic market and the international market indicate that local demand and domestic fundamentals continue to provide support for CPO prices, even as global sentiment remains cautious. (P3)
