Benchmark CPO prices at Indonesia’s KPBN Inacom gained nearly 1% on Tuesday, supported by a recovery in Malaysian palm oil futures amid stronger competing vegetable oil and crude oil prices.
PALMOILMAGAZINE, Jakarta — Indonesia’s benchmark crude palm oil (CPO) price at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom rose on Tuesday (August 4), tracking a rebound in the global vegetable oil market.
The Franco Dumai CPO reference price was set at IDR 15,800 per kilogram, up IDR 150/kg, or approximately 0.96%, from IDR 15,650/kg recorded on Monday.
Also Read: CPO Prices at KPBN Inacom Rise to IDR 15,650/kg Despite Weaker Malaysian Palm Oil Futures
According to KPBN trading data, the FOB Talang Duku tender opened at IDR 15,550/kg but was withdrawn after the highest bid reached IDR 15,379/kg. Likewise, the FOB Boom Baru, Palembang tender opened at IDR 15,575/kg before being withdrawn, with the highest offer also recorded at IDR 15,379/kg.
In the palm kernel oil market, the Franco Dumai CPKO tender opened at IDR 31,327/kg but was withdrawn after the highest bid reached IDR 30,470/kg. The FOB Lampung tender opened at IDR 31,253/kg and was withdrawn with a top bid of IDR 30,100/kg, while the FOB Palembang tender opened at IDR 31,083/kg before being withdrawn at the same highest bid.
Meanwhile, the Franco Belawan palm kernel (PK) tender opened at IDR 15,203/kg but was also withdrawn, with the highest bid recorded at IDR 14,188/kg.
Also Read: Indonesia Cuts August CPO Reference Price to USD 996.52/MT as Export Charges Adjust
The domestic price increase came as Malaysian palm oil futures rebounded after two consecutive sessions of losses, supported by gains in competing vegetable oils and a recovery in crude oil prices.
According to Reuters, the benchmark October 2026 CPO contract on the Bursa Malaysia Derivatives Exchange rose RM31, or 0.67%, to RM4,660 per metric ton in early trading, reflecting renewed buying interest following recent market weakness.
Also Read: Indonesia’s Palm Oil Export Policy Spurs India’s Push for Edible Oil Self-Sufficiency
Sentiment was also supported by China’s vegetable oil markets. The most-active soyoil contract on the Dalian Commodity Exchange gained 0.62%, while the exchange’s palm oil contract rose 0.41%. In the United States, Chicago Board of Trade (CBOT) soybean oil futures edged 0.09% higher, further underpinning global edible oil prices. (P3)
