PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) offer prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) moved higher on Wednesday (July 8), although all tenders ended in withdraw (WD) status due to the absence of successful transactions.
According to data obtained by Palmoilmagazine.com, the highest CPO offer reached IDR15,589 per kilogram, an increase of IDR101/kg, or 0.65%, from Tuesday’s highest offer of IDR15,488/kg.
At the Franco Dumai tender, the opening price was set at IDR15,650/kg, with the highest bid reaching IDR15,589/kg before the auction was withdrawn. The FOB Talang Duku tender opened at IDR15,520/kg and closed with a highest offer of IDR15,314/kg, while the Loco PKS Parindu & Ngabang tender opened at IDR15,300/kg and recorded a top offer of IDR15,138/kg before also ending in withdrawal.
Also Read: Agrinas Palma Nusantara Reports Strong 2025 Performance with IDR2.86 Trillion Operating Surplus
For downstream products, Crude Palm Kernel Oil (CPKO) was quoted at IDR30,350/kg for Franco Dumai, IDR29,600/kg for FOB Palembang, and IDR29,552/kg for FOB Lampung.
Meanwhile, palm kernel (PK) prices were recorded at IDR13,727/kg at Loco PKS Pagar Merbau, IDR13,599/kg at Loco PKS Kuala Sawit, and IDR13,683/kg at Loco PKS Sawit Seberang.
In the global market, Malaysian palm oil futures also strengthened on Wednesday. Reuters reported that the benchmark September 2026 contract on the Bursa Malaysia Derivatives Exchange gained RM61 per metric ton, or 1.34%, to close at RM4,608 per metric ton, marking its highest settlement since June 24, 2026.
Also Read: India’s Palm Oil Imports Hit 14-Month Low, Raising Concerns Over Global CPO Prices
The rally was supported by gains in competing vegetable oils. The most-active soybean oil contract on China’s Dalian Commodity Exchange rose 0.61%, while Dalian palm oil futures gained 0.38%. At the Chicago Board of Trade (CBOT), soybean oil futures jumped 2.19%, providing additional support for palm oil prices.
Market participants were also adjusting their positions ahead of the release of the Malaysian Palm Oil Board (MPOB) monthly report on production, inventories, and exports, which is expected to provide fresh direction for global palm oil prices in the near term. (P3)
