PALMOILMAGAZINE, JAKARTA – Indonesia’s domestic crude palm oil (CPO) market posted gains on Tuesday (July 28, 2026), with the highest bid in the latest tender conducted by PT Kharisma Pemasaran Bersama Nusantara (KPBN) reaching IDR 15,788 per kilogram. The price increased by IDR 111/kg, or approximately 0.71%, from the previous trading session’s highest bid of IDR 15,677/kg.
Despite the price increase, several CPO tenders across different delivery points ended in withdraw (WD), reflecting cautious buying activity.
According to KPBN data obtained by PalmOilMagazine.com, the Franco Dumai CPO price was set at IDR 15,788/kg. Meanwhile, the FOB Talang Duku tender opened at IDR 15,588/kg but was withdrawn after the highest offer reached only IDR 15,300/kg.
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A similar outcome occurred for Franco Teluk Bayur, where the tender opened at IDR 15,685/kg before being withdrawn with the highest bid of IDR 15,314/kg.
For palm kernel (PK), the Franco Belawan price was recorded at IDR 15,138/kg.
Trading in crude palm kernel oil (CPKO) also remained subdued, with all major tenders ending in withdrawal. CPKO Franco Dumai opened at IDR 34,083/kg, while the highest bid reached IDR 33,850/kg from PAA.
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Meanwhile, CPKO FOB Lampung opened at IDR 34,009/kg but attracted a top bid of only IDR 31,500/kg from AMJP. CPKO FOB Palembang opened at IDR 33,839/kg and was also withdrawn after receiving a highest offer of IDR 32,430/kg from IKIN.
In contrast to the stronger domestic market, international palm oil prices remained under pressure. Crude palm oil futures on the Bursa Malaysia Derivatives Exchange declined for a second consecutive session, weighed down by weaker prices for competing vegetable oils and softer crude oil markets.
According to Reuters, the benchmark October 2026 CPO futures contract fell RM27 per metric ton, or 0.58%, to RM4,646 (US$1,137.61) per metric ton at the market open.
Also Read: Malaysia CPO Futures Ease After Hitting 15-Week High as Global Oils Weigh on Market
The decline in Malaysian futures reflects cautious market sentiment amid weaker soybean oil prices and softer global energy markets. Nevertheless, the higher bids recorded in Indonesia’s KPBN tender indicate that domestic demand remains relatively resilient, helping support CPO prices despite ongoing weakness in international markets. (P3)
