PALMOILMAGAZINE, JAKARTA – Indonesia’s domestic crude palm oil (CPO) market edged lower on Thursday (July 30, 2026), while Malaysian palm oil futures ended mostly higher, supported by growing optimism over stronger export demand.
According to the latest tender results from PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom, the Franco Dumai CPO price was set at IDR 15,750 per kilogram, down IDR 50/kg, or approximately 0.32%, from IDR 15,800/kg recorded in the previous trading session.
Several other tender locations failed to secure transactions. The FOB Talang Duku tender opened at IDR 15,550/kg but ended in a withdraw (WD) after the highest bid reached only IDR 15,356/kg. Similarly, the Franco Teluk Bayur tender opened at IDR 15,620/kg and was withdrawn, with the top offer standing at IDR 15,395/kg.
Also Read: Indonesian CPO Prices Remain Stable at IDR 15,800/kg as Most KPBN Tenders Are Withdrawn
In the downstream market, the FOB Lampung CPKO tender opened at IDR 33,244/kg and also ended in withdrawal, with the highest bid recorded at IDR 31,600/kg. Meanwhile, FOB Palembang CPKO was offered at IDR 33,074/kg but closed without a deal after the highest bid reached IDR 31,525/kg.
For palm kernel (PK), the Loco PKS Tanjung Lebar tender opened at IDR 14,280/kg before being withdrawn, with the highest offer at IDR 13,100/kg. Likewise, Loco PKS Ophir opened at IDR 14,409/kg and ended in withdrawal after attracting a top bid of IDR 13,855/kg.
In contrast to the softer domestic market, Bursa Malaysia Derivatives (BMD) closed mostly higher, buoyed by improving sentiment over Malaysia’s palm oil export prospects. Market participants remained optimistic that July export shipments would post solid growth, reinforcing expectations of resilient global demand despite ongoing competition from other vegetable oils.
Also Read: Riau Plasma Palm Fruit Prices Close In on IDR 4,000/kg Amid Firm Market Fundamentals
At the close, the August 2026 CPO futures contract eased RM3 to RM4,554 per metric ton. The September 2026 contract gained RM15 to RM4,643 per ton.
The upward momentum continued in the forward months, with the October 2026 contract rising RM19 to RM4,683 per ton, followed by the November 2026 contract, which also climbed RM19 to RM4,714 per ton. The December 2026 contract advanced RM19 to RM4,743 per ton, while the January 2027 contract added RM17 to settle at RM4,770 per ton. (P3)
