PALMOILMAGAZINE, JAKARTA – Indonesia’s domestic crude palm oil (CPO) market posted higher offer prices on Tuesday (July 7, 2026), although all tenders conducted by PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom ended in withdrawal (WD) after bids failed to meet sellers’ expectations.
According to data obtained by Palmoilmagazine.com from KPBN, the highest CPO offer reached IDR15,488 per kilogram, up IDR126 per kilogram, or approximately 0.82%, from IDR15,362 per kilogram recorded on Monday (July 6).
For the Franco Dumai tender, the opening price was set at IDR15,650 per kilogram, but the auction was withdrawn after the highest bid reached only IDR15,488 per kilogram.
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Meanwhile, FOB Talang Duku CPO opened at IDR15,520 per kilogram and was also withdrawn, with the highest bid standing at IDR15,314 per kilogram. Likewise, Loco PKS Parindu & Ngabang opened at IDR15,300 per kilogram, but the tender ended in withdrawal after attracting a top bid of IDR15,138 per kilogram.
In the downstream market, crude palm kernel oil (CPKO) at Franco Dumai opened at IDR29,964 per kilogram, with the highest bid reaching IDR29,525 per kilogram before the tender was withdrawn. Similarly, CPKO FOB Palembang opened at IDR29,720 per kilogram but was withdrawn after the highest bid came in at IDR28,775 per kilogram.
For palm kernel (PK) at Franco Belawan, the quoted price stood at IDR13,765 per kilogram.
In the global market, CPO futures traded within a narrow range. Reuters reported that the benchmark September 2026 CPO futures contract on the Bursa Malaysia Derivatives Exchange slipped by RM1 per tonne, or about 0.02%, to close at RM4,549 per tonne.
The market remained supported by gains in competing vegetable oils and concerns that the El Niño weather pattern could disrupt palm oil production. However, a stronger Malaysian ringgit against the U.S. dollar capped further gains by making Malaysian palm oil less competitive in the export market.
Elsewhere, other vegetable oil markets also posted gains. The most-active soyoil contract on China’s Dalian Commodity Exchange rose 1.31%, while palm oil futures on the same exchange gained 1.53%. In the United States, Chicago Board of Trade (CBOT) soyoil futures edged up 0.14%, providing additional support to the broader vegetable oil market. (P3)
