The highest CPO bid at KPBN Inacom fell by IDR 44/kg, while Malaysian palm oil futures weakened as traders took profits following the market’s rally to a 20-month high.
PALMOILMAGAZINE, JAKARTA — Crude palm oil (CPO) trading at PT Kharisma Pemasaran Bersama Nusantara (KPBN Inacom) ended in a withdrawn (WD) status on Monday, August 24, 2026, with the highest bid recorded at IDR 15,844/kg.
The highest bid was down IDR 44/kg, or 0.28%, from IDR 15,888/kg recorded on Friday, August 21.
Also Read: KPBN Inacom CPO Price Falls to IDR 15,888/kg on August 21, 2026, as Malaysia Futures Rally
According to KPBN Inacom information obtained by PalmOilMagazine, the CPO tender for the Franco Dumai location opened at IDR 16,000/kg. However, the tender ended in WD, with the highest bid reaching IDR 15,844/kg.
At the FOB Talang Duku location, the CPO tender opened at IDR 15,750/kg and also ended in WD. The highest bid was recorded at IDR 15,594/kg.
For other locations, CPO at Loco PKS Luwu opened at IDR 15,500/kg and ended in WD, with the highest bid reported at IDR 8,000/kg. Meanwhile, CPO at CIF Gresik Port opened at IDR 16,000/kg before ending in WD, with the highest bid at IDR 15,625/kg.
Also Read: Malaysia CPO Futures Rise for Fifth Day, November Contract Hits RM5,018
Malaysian Palm Oil Futures Also Weaken
The decline in Indonesia’s domestic CPO bids coincided with weaker palm oil futures trading on Bursa Malaysia Derivatives on Monday, August 24.
Malaysian palm oil futures closed lower as traders took profits following the market’s strong rally, which pushed prices to a 20-month high during the previous week.
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According to Bernama, the pressure also came from weaker global crude oil prices. Brent crude fell 1.93% to US$93.03 per barrel during the trading session.
At the close, the September 2026 CPO contract fell RM71 to RM4,720 per metric ton. The October 2026 contract declined RM75 to RM4,859 per ton, while the November 2026 contract dropped RM72 to RM4,946 per ton.
The correction in Bursa Malaysia and the lower highest bid at the KPBN tender suggest that the CPO market is entering a consolidation phase following the sharp gains recorded the previous week.
Also Read: Malaysian Palm Oil Futures Hit 20-Month High as B50 Biodiesel Boosts CPO Demand
However, firm domestic demand, particularly following the implementation of Indonesia’s B50 biodiesel program, remains an important factor that could provide medium-term support for the country’s CPO market. (P3)
