Indonesia’s domestic CPO tender prices declined on Friday, while Malaysian palm oil futures came under pressure from weaker competing vegetable oils and crude oil prices.
PALMOILMAGAZINE, Jakarta, Indonesia — Indonesia’s domestic Crude Palm Oil (CPO) tender ended in withdrawal on Friday after the highest bid reached IDR 15,550 per kilogram, down IDR 200/kg (1.27%) from the previous trading session, reflecting weaker sentiment across the regional palm oil market.
The tender, conducted by PT Kharisma Pemasaran Bersama Nusantara (KPBN Inacom) on July 31, recorded no successful transactions as the highest bids fell below sellers’ expectations.
At Franco Dumai, the opening price was set at IDR 15,700/kg, but the tender was withdrawn after the highest offer reached IDR 15,550/kg. Similar outcomes were recorded at FOB Talang Duku, where the highest bid stood at IDR 15,302/kg against an opening price of IDR 15,450/kg, and Franco Teluk Bayur, where the highest offer reached IDR 15,314/kg from an opening price of IDR 15,500/kg.
Also Read: KPBN Inacom CPO Price Falls to IDR 15,750/kg as Malaysian Futures Advance
The weaker domestic tender coincided with a decline in Malaysian palm oil futures, which were pressured by softer prices for competing vegetable oils and crude oil.
According to Reuters, the benchmark October 2026 palm oil contract on the Bursa Malaysia Derivatives Exchange fell RM23, or 0.49%, to RM4,660 (US$1,141) per metric ton in early trading on Friday.
The benchmark contract has declined 1.08% this week after posting gains for three consecutive weeks. Despite the weekly correction, palm oil futures remain on track for a 2.46% monthly gain, marking a second straight month of advances.
Also Read: Malaysian Palm Oil Futures Rise on Stronger Export Outlook Despite Lower Trading Volume
KPBN Inacom Tender Results (Excluding VAT) – July 31, 2026
Crude Palm Oil (CPO)
| Location | Opening Price (IDR/kg) | Highest Bid (IDR/kg) | Status |
| Franco Dumai | 15,700 | 15,550 | Withdrawn |
| FOB Talang Duku | 15,450 | 15,302 | Withdrawn |
| Franco Teluk Bayur | 15,500 | 15,314 | Withdrawn |
| FOB Palembang | 15,475 | 15,302 | Withdrawn |
| Loco PKS Parindu & Ngabang | 15,350 | 15,172 | Withdrawn |
| Loco PKS Kembayan | 15,250 | 15,072 | Withdrawn |
Also Read: China GACC Audit Boosts Indonesia’s Palm Oil Export Prospects
Crude Palm Kernel Oil (CPKO)
| Location | Opening Price (IDR/kg) | Highest Bid (IDR/kg) | Status |
| FOB Lampung | 31,958 | 31,400 | Withdrawn |
| FOB Palembang | 31,788 | 31,400 | Withdrawn |
Palm Kernel (PK)
| Location | Opening Price (IDR/kg) | Highest Bid (IDR/kg) | Status |
| Loco PKS Tanjung Lebar | 13,959 | 13,100 | Withdrawn |
| Loco PKS Ophir | 14,088 | 13,690 | Withdrawn |
| Loco PKS Pengabuan | 13,954 | 13,370 | Withdrawn |
| Loco PKS Rimbo Dua | 13,960 | 13,550 | Withdrawn |
Also Read: Indonesia Strengthens Dry Season Mitigation to Safeguard Palm Oil Productivity and Prevent Wildfires
The decline in both Indonesia’s domestic tender prices and Malaysian futures reflects cautious market sentiment heading into August, as traders monitor movements in rival vegetable oils, crude oil prices, and upcoming supply-and-demand data that could influence the direction of global palm oil markets. (P3)
