KPBN Inacom CPO Tender Withdrawn as Malaysian Palm Oil Futures Extend Gains

KPBN’s latest CPO tender failed to reach a transaction despite firmer global palm oil prices, with India’s rising vegetable oil imports underpinning market sentiment.

PALMOILMAGAZINE, JAKARTA — Indonesia’s state-run crude palm oil (CPO) tender held by PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom ended in withdrawal on Wednesday (August 5), despite firmer Malaysian palm oil futures supported by improving export demand, particularly from India.

KPBN tender data obtained by PalmOilMagazine showed the highest bid for Franco Dumai CPO reached IDR 15,688 per kilogram, down IDR 112/kg, or 0.71%, from IDR 15,800/kg recorded in the previous trading session. The tender opened at IDR 15,850/kg, but no transaction was concluded.

Also Read: Indonesia’s KPBN Inacom CPO Price Rises to IDR 15,800/kg as Malaysian Palm Oil Futures Rebound

The FOB Talang Duku tender also ended without a deal. The opening price was set at IDR 15,600/kg, while the highest bid reached IDR 15,375/kg.

Among downstream products, Franco Dumai crude palm kernel oil (CPKO) opened at IDR 31,092/kg before being withdrawn after the highest bid stood at IDR 29,500/kg. FOB Lampung CPKO opened at IDR 31,018/kg and was withdrawn with a top bid of IDR 28,750/kg. Meanwhile, Franco Belawan palm kernel (PK) opened at IDR 14,670/kg and also ended without a transaction after the highest bid reached IDR 13,965/kg.

Meanwhile, palm oil futures on the Bursa Malaysia Derivatives Exchange extended gains for a second consecutive session, supported by expectations of stronger export demand. According to Reuters, the benchmark October 2026 contract rose RM14 per metric ton, or 0.3%, to RM4,710 per metric ton at the midday break, following a 1.45% increase in the previous session.

Also Read: Malaysia CPO Futures Rebound to RM4,660 on Stronger Vegetable Oils, Crude Oil Recovery

Market sentiment was bolstered by stronger buying interest from India, the world’s largest vegetable oil importer. India’s vegetable oil imports climbed to their highest level in 10 months in July 2026, as refiners stepped up purchases of palm oil and soybean oil to replenish inventories ahead of the country’s festival season.

The stronger import demand is expected to lend further support to global palm oil consumption and help sustain positive market sentiment in the near term.

However, gains in palm oil futures remained capped by weaker prices of competing edible oils. The most-active soybean oil contract on the Dalian Commodity Exchange fell 0.18%, while Dalian palm oil futures gained 1.13%. On the Chicago Board of Trade (CBOT), soybean oil futures edged down 0.07%, reflecting mixed sentiment across the global vegetable oils market.

Also Read: Indonesia’s Biodiesel Policy Emerges as a New Price Anchor for Global Palm Oil

KPBN Inacom Tender Results (Excluding VAT) – Wednesday, August 5, 2026

Crude Palm Oil (CPO)

Crude Palm Kernel Oil (CPKO)

Palm Kernel (PK)

Note: All prices are quoted in Indonesian Rupiah per kilogram (IDR/kg), excluding Value Added Tax (VAT). “Withdrawn” indicates that no transaction was concluded despite bids being submitted.

(P3)