PALMOILMAGAZINE, JAKARTA – Indonesia’s domestic crude palm oil (CPO) market extended its decline on Tuesday (July 21, 2026), mirroring weaker global palm oil prices. The latest tender conducted by PT Kharisma Pemasaran Bersama Nusantara (KPBN) set the CPO reference price at IDR 15,675 per kilogram, down IDR 102 per kilogram, or approximately 0.65%, from IDR 15,777 per kilogram recorded on Monday.
According to KPBN tender data, the Franco Belawan CPO price was finalized at IDR 15,675 per kilogram. Meanwhile, the Franco Teluk Bayur tender opened at IDR 15,545 per kilogram but ended in a withdrawal (WD) after the highest bid reached only IDR 15,360 per kilogram.
A similar outcome was seen in the FOB Palembang tender, which opened at IDR 15,525 per kilogram before also being withdrawn, with the highest offer recorded at IDR 15,320 per kilogram.
Also Read: GAPKI Urges Industry-Driven Research to Strengthen Sustainable Palm Oil Innovation
For downstream products, Crude Palm Kernel Oil (CPKO) was priced at IDR 32,675 per kilogram on a Franco Dumai basis and IDR 31,600 per kilogram on an FOB Lampung basis. Meanwhile, Palm Kernel (PK) for Franco Belawan was set at IDR 14,953 per kilogram.
The domestic price decline coincided with weaker performance in the international market. On the Bursa Malaysia Derivatives (BMD), the benchmark October 2026 CPO futures contract settled RM34 per metric ton, or 0.73%, lower at RM4,609 per metric ton on Tuesday.
The decline in Malaysian palm oil futures was driven by losses in competing vegetable oils and softer crude oil prices. China’s Dalian Commodity Exchange saw its most-active soybean oil contract fall 0.55%, while palm oil futures dropped 1%. In the United States, soybean oil futures on the Chicago Board of Trade (CBOT) also edged 0.07% lower.
Also Read: BPDP Chief: Palm Oil Research Must Deliver Real Innovation for Farmers and Industry
The broad-based weakness across global vegetable oil markets suggests that bearish sentiment continues to weigh on palm oil prices, limiting prospects for a near-term recovery in both international and Indonesian markets. (P3)
