PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices softened in both Indonesia and the global market on Monday (July 27, 2026), with Indonesia’s PT Kharisma Pemasaran Bersama Nusantara (KPBN) once again ending its CPO tender in withdrawal (WD) amid weaker market sentiment.
According to data obtained by PalmOilMagazine.com from KPBN, the highest CPO bid reached IDR 15,677 per kilogram, down IDR 91 per kilogram, or approximately 0.58%, from the highest offer of IDR 15,768 per kilogram recorded on Friday (July 24, 2026).
At Franco Dumai, the opening price was set at IDR 15,800 per kilogram, but the tender concluded with a withdrawal after the highest bid reached IDR 15,677 per kilogram. Meanwhile, Franco Teluk Bayur opened at IDR 15,670 per kilogram and also ended in withdrawal, with the highest offer standing at IDR 15,475 per kilogram.
Also Read: Indonesia’s KPBN CPO Price Rises to IDR 15,800/kg as Malaysian Palm Oil Futures Gain
For FOB Palembang, the opening price was IDR 15,650 per kilogram, while the highest bid reached IDR 15,449 per kilogram before the tender was withdrawn. At Loco PKS Parindu & Ngabang, the opening price was IDR 15,450 per kilogram, with the highest offer recorded at IDR 15,300 per kilogram, also resulting in a withdrawal.
In the international market, Bursa Malaysia Derivatives saw benchmark CPO futures decline after reaching their highest level in 15 weeks during the previous trading session.
Also Read: Malaysian CPO Prices Extend Decline as Weaker Global Vegetable Oils Pressure the Market
According to Reuters, the benchmark October 2026 CPO futures contract fell RM39 per metric ton, or 0.83%, to RM4,683 per metric ton (approximately US$1,147.79) in early trading.
The decline was driven by weaker prices of competing vegetable oils, particularly soybean oil, as well as falling crude oil prices. Lower energy prices reduced palm oil’s attractiveness as a biodiesel feedstock, adding downward pressure to market sentiment.
Also Read: Indonesian Lawmaker Urges Stable CPO Supply as B50 Biodiesel Boosts Palm Oil Downstream Industry
Despite the correction, market participants remain focused on developments in global vegetable oil markets, fluctuations in energy prices, and demand from major importing countries, all of which are expected to influence the direction of CPO prices in the coming weeks. (P3)
