PALMOILMAGAZINE, JAKARTA – Indonesia’s crude palm oil (CPO) market moved lower on Monday (July 6, 2026), with PT Kharisma Pemasaran Bersama Nusantara (KPBN) once again recording a withdrawal (WD) in its CPO tender. The highest bid reached IDR15,362 per kilogram, down IDR123 per kilogram, or approximately 0.79%, from IDR15,485 per kilogram recorded on Friday (July 3).
According to data obtained by Palmoilmagazine.com, the Franco Dumai tender opened at IDR15,600 per kilogram, but failed to secure a transaction and closed with a withdrawal status. The highest offer submitted was IDR15,362 per kilogram.
Similarly, the FOB Talang Duku tender opened at IDR15,470 per kilogram but also ended without a deal after the highest bid reached only IDR 15,203 per kilogram. Meanwhile, the Loco Sei Tapung CPO price was set at IDR15,361 per kilogram.
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In contrast to Indonesia’s domestic market, crude palm oil futures on Bursa Malaysia Derivatives finished higher during the same trading session, supported by gains in global vegetable oil markets. The rally was driven by stronger soybean oil futures on the Chicago Board of Trade (CBOT) and firmer palm olein futures on China’s Dalian Commodity Exchange.
The broader strength across the global edible oil complex boosted investor sentiment, pushing most benchmark Malaysian palm oil contracts into positive territory.
According to Bernama, the July 2026 CPO futures contract rose RM46 to RM4,485 per metric ton. The August 2026 contract climbed RM65 to RM4,523 per ton, while the September 2026 contract posted the largest gain, advancing RM70 to RM4,550 per ton.
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The upward trend continued across the remaining benchmark contracts. October 2026 futures increased RM67 to RM4,572 per ton, November 2026 contracts gained RM61 to RM4,594 per ton, and December 2026 futures settled RM57 higher at RM4,616 per ton.
Despite higher prices, overall trading activity eased. Total trading volume declined to 59,610 lots from 71,942 lots in the previous session, while open interest edged lower from 289,382 contracts to 288,418 contracts, indicating that some market participants locked in profits after the recent rally.
In the physical market, the Southern Malaysian CPO spot price for July delivery also strengthened, rising RM50 to close at RM4,520 per metric ton.
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The divergence between Indonesia’s domestic CPO market and Malaysian futures highlights the influence of local tender dynamics and domestic demand on Indonesian prices. Meanwhile, international palm oil prices continued to receive support from the broader rally in global vegetable oils, particularly soybean oil and palm olein. (P3)
