Indonesia’s domestic CPO offers failed to secure transactions on Wednesday, while palm oil futures in Malaysia gained on stronger soybean oil prices, energy market sentiment, and concerns over potential weather-related supply disruptions.
PALMOILMAGAZINE, JAKARTA, INDONESIA — Crude palm oil (CPO) offered through PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom ended in withdrawal (WD) on Wednesday (19/8/2026), with the highest offer recorded at IDR 15,755/kg.
The offer was down IDR 80/kg, or approximately 0.51%, from IDR 15,835/kg recorded in the previous trading session on Tuesday (18/8/2026).
Also Read: Indonesia Cuts August CPO Reference Price to USD 996.52/MT as Export Charges Adjust
Based on KPBN Inacom trading data obtained by PalmOilMagazine, the Franco Dumai CPO offer opened at IDR 15,900/kg but was withdrawn, with the highest bid reaching IDR 15,755/kg.
Meanwhile, the FOB Talang Duku offer opened at IDR 15,650/kg and was withdrawn after the highest bid reached IDR 15,505/kg. The Franco Teluk Bayur offer opened at IDR 15,700/kg, with the highest bid recorded at IDR 15,478/kg, before also ending in withdrawal.
While no transactions were concluded through the domestic KPBN Inacom trading platform, palm oil futures on the Malaysia Derivatives Exchange moved in the opposite direction and closed higher on Wednesday.
Also Read: KPBN Inacom CPO Price Rises to IDR 15,835/kg as Malaysian Palm Oil Futures Strengthen
The gains were supported by stronger soybean oil prices on the Chicago Board of Trade (CBOT), along with positive sentiment from energy markets. Market concerns over potential production disruptions linked to the El Nino weather phenomenon also continued to provide support for palm oil prices.
Higher global crude oil prices, amid the continuing conflict between the United States and Iran, further strengthened sentiment across vegetable oil markets.
At the close of trading, the September 2026 CPO contract gained RM38 to RM4,654 per tonne. The October 2026 contract rose RM40 to RM4,794 per tonne, while the November 2026 contract increased RM33 to RM4,893 per tonne.
Also Read: Malaysian CPO Prices Hit Highest Level Since April, KPBN Price Rises to IDR 15,835/kg
The contrasting movements highlighted the divergence between Indonesia’s domestic physical CPO market and Malaysian palm oil futures. While KPBN Inacom offers ended without completed transactions, Malaysian futures extended their gains on support from global vegetable oil and energy market developments. (P3)
