PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices moved in opposite directions across international and domestic markets on Tuesday (July 28, 2026). While Malaysian palm oil futures declined for a second consecutive trading session, Indonesia’s domestic CPO market recorded higher bids in the latest tender held by PT Kharisma Pemasaran Bersama Nusantara (KPBN).
According to Reuters, the benchmark October 2026 CPO futures contract on the Bursa Malaysia Derivatives Exchange opened RM27 per metric ton lower, or 0.58%, at RM4,646 (US$1,137.61) per metric ton.
The decline was driven by weaker prices for competing vegetable oils, particularly soybean oil, alongside softer crude oil prices, both of which weighed on sentiment across the global edible oils market.
Also Read: Malaysia CPO Futures Ease After Hitting 15-Week High as Global Oils Weigh on Market
In contrast, Indonesia’s domestic market showed greater resilience. The latest CPO tender conducted by PT Kharisma Pemasaran Bersama Nusantara (KPBN) ended in a withdraw (WD), with the highest bid reaching IDR 15,788 per kilogram.
The bid was IDR 111 per kilogram, or approximately 0.71%, higher than the previous trading session’s highest offer of IDR 15,677 per kilogram.
The stronger bidding in the KPBN tender suggests domestic demand remains relatively firm despite continued pressure on international palm oil prices.
Also Read: Indonesia’s KPBN CPO Price Rises to IDR 15,788/kg as Domestic Market Defies Global Weakness
Market participants will continue monitoring movements in rival vegetable oil prices, energy markets, and demand prospects from major importing countries, as these factors are expected to shape the direction of global CPO prices in the coming days. (P3)
