PALMOILMAGAZINE, JAKARTA – Indonesia’s crude palm oil (CPO) price at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom increased slightly on Friday (July 17, 2026), even as Malaysian palm oil futures extended their decline amid weaker vegetable oil prices in China.
According to trading data obtained by Palmoilmagazine.com, the KPBN CPO reference price was set at IDR15,700 per kilogram, up IDR50/kg, or approximately 0.32%, from IDR15,650/kg recorded on Thursday (July 16).
The Franco Belawan contract was concluded at IDR15,700/kg, making it the only successful CPO transaction during the day’s tender.
Also Read: GAPKI: Indonesia’s Palm Oil Output Slips in May 2026, but CPO Stocks Rise to 3.04 Million Tons
Several other tenders ended in withdrawal (WD) after buyers and sellers failed to reach an agreement. The FOB Talang Duku tender opened at IDR15,500/kg, but was withdrawn with the highest bid reaching IDR15,446/kg. Likewise, the Franco Tanjung Priok tender opened at IDR15,700/kg before ending in withdrawal with a top bid of IDR15,665/kg.
Meanwhile, the Crude Palm Kernel Oil (CPKO) tender for FOB Palembang opened at IDR33,472/kg, but also ended in withdrawal after the highest offer reached IDR31,500/kg.
In the global market, crude palm oil futures on the Bursa Malaysia Derivatives (BMD) continued to weaken on Friday, pressured by declines in vegetable oil prices on China’s Dalian Commodity Exchange.
Also Read: 93 Aceh Singkil Smallholders Complete BPDP Oil Palm Training
Reuters reported that the benchmark October 2026 CPO contract fell RM24 per metric ton, or 0.52%, to RM4,582 (US$1,123.59) per metric ton during early trading.
Despite Friday’s decline, the benchmark contract remained 1.53% higher for the week, marking its second consecutive weekly gain.
The contrasting performance between Indonesia’s domestic market and Malaysian futures suggests that local demand continues to provide support for Indonesian CPO prices, even as global sentiment remains subdued due to weakness in competing vegetable oils.
Also Read: POPSI Backs Police Anti-Corruption Probe, Urges Palm Oil Governance Reform
KPBN Inacom Tender Results – Friday, July 17, 2026 (IDR/kg, excl. VAT)
| CPO | Price / Status |
| Franco Tanjung Priok | IDR15,700 (WD) |
| Franco Belawan | IDR15,700 (BEST) |
| FOB Talang Duku | IDR15,500 (WD) |
| FOB Boom Baru, Palembang | IDR15,550 (WD) |
| FOB IPP Pagun/Parba, West Kalimantan | IDR15,350 (WD) |
| Loco PKS Parindu & Ngabang | IDR15,350 (WD) |
| Loco PKS Kembayan | IDR15,250 (WD) |
| CPKO | Price / Status |
| FOB Palembang | IDR33,472 (WD) |
(P3)
