PALMOILMAGAZINE, JAKARTA – Indonesia’s domestic crude palm oil (CPO) market edged slightly higher on Wednesday (July 29, 2026), with the benchmark price at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom rising to IDR 15,800/kg. The price increased by IDR 12/kg, or 0.08%, from IDR 15,788/kg recorded a day earlier.
The modest gain suggests that the domestic market remains relatively stable despite subdued trading activity. However, most tenders across several delivery points ended in withdrawal (WD) after bids failed to meet sellers’ asking prices.
According to the KPBN Inacom tender results, Franco Dumai was the only successful CPO transaction, closing at IDR 15,800/kg. Meanwhile, the FOB Talang Duku tender opened at IDR 15,600/kg but was withdrawn after the highest bid reached only IDR 15,367/kg.
Also Read: Indonesia’s KPBN CPO Price Rises to IDR 15,788/kg as Domestic Market Defies Global Weakness
A similar pattern was seen at other locations. The Franco Teluk Bayur tender opened at IDR 15,670/kg, with the highest offer of IDR 15,437/kg, while FOB Palembang opened at IDR 15,650/kg and received a top bid of IDR 15,417/kg before being withdrawn.
At the mill level, Loco Parindu & Ngabang opened at IDR 15,450/kg, attracting a highest bid of IDR 15,216/kg, while Loco Kembayan opened at IDR 15,350/kg with a top offer of IDR 15,116/kg. Both tenders were also withdrawn without any transaction.
In the crude palm kernel oil (CPKO) market, Franco Dumai was priced at IDR 33,825/kg. Meanwhile, the FOB Lampung tender opened at IDR 34,559/kg but was withdrawn after the highest bid reached IDR 31,600/kg. Likewise, FOB Palembang opened at IDR 33,389/kg and received a top offer of IDR 33,125/kg, which also resulted in a withdrawal.
Also Read: MPOC: Indonesia’s B50 Mandate to Keep CPO Prices Above RM4,400/Ton Despite Weak Global Demand
Overall, Wednesday’s trading indicates that Indonesia’s domestic CPO benchmark continues to hold near IDR 15,800/kg, although actual trading activity remains limited due to the wide gap between sellers’ asking prices and buyers’ bids. The trend reflects a cautious market sentiment as industry participants continue to monitor developments in the global vegetable oil market and evolving supply-demand fundamentals. (P3)
