PALMOILMAGAZINE, JAKARTA – Trading of crude palm oil (CPO) through PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom once again concluded with a withdraw (WD) status on Wednesday (July 1, 2026), although bid prices posted a slight increase from the previous trading session.
KPBN Inacom data showed that the highest CPO bid reached IDR 15,417 per kilogram, up IDR 20 per kilogram, or approximately 0.13%, from IDR 15,397 per kilogram recorded on Tuesday (June 30).
Across all delivery points, no transactions were concluded. At Franco Dumai, the opening offer was set at IDR 15,675 per kilogram, while the highest bid reached IDR 15,417 per kilogram before the tender ended with a withdraw status.
Also Read: Indonesia Cuts July 2026 CPO Reference Price to USD 1,000.90 per Ton Amid Weak Global Demand
At FOB Talang Duku, the opening price stood at IDR 15,475 per kilogram, with the highest bid at IDR 15,217 per kilogram. Meanwhile, Franco Teluk Bayur opened at IDR 15,545 per kilogram, attracting a top bid of IDR 15,274 per kilogram. Both locations also finished the session without any completed transactions.
For crude palm kernel oil (CPKO), the Franco Dumai reference price was recorded at IDR 29,267 per kilogram.
While Indonesia’s domestic market remained subdued, sentiment in the international market improved. Malaysian crude palm oil futures reversed early losses and traded higher during Wednesday’s session.
According to Reuters, the benchmark September 2026 CPO contract on the Bursa Malaysia Derivatives Exchange gained RM29 per metric ton, or 0.64%, to RM4,575 (US$1,118.58) per metric ton by the midday break.
The recovery was supported by stronger soybean oil futures on the Chicago Board of Trade (CBOT) and a weaker Malaysian ringgit, which enhanced the competitiveness of Malaysian palm oil exports.
Elsewhere in the vegetable oils market, CBOT soybean oil futures rose about 0.29%, lending additional support to palm oil prices. However, sentiment in China remained weak, with the most-active soybean oil contract on the Dalian Commodity Exchange declining 0.3%, while the benchmark palm oil contract fell 0.45%. The softer performance in Dalian limited gains in the Malaysian market despite improving external fundamentals.
Also Read: Palm Oil Mills Without Plantations Raise Concerns Over Supply Traceability
Market participants are continuing to monitor export demand, currency fluctuations, and movements in competing vegetable oil markets, which are expected to remain the primary factors influencing CPO price trends in the near term. (P3)
