PALMOILMAGAZINE, JAKARTA — Indonesia’s crude palm oil (CPO) tender at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom ended in another withdrawal (WD) on Wednesday, August 26, 2026, with the highest bid recorded at IDR 15,600 per kilogram.
The highest bid fell IDR 244 per kilogram, or around 1.54%, from the IDR 15,844 per kilogram recorded on Monday, August 24.
According to information obtained by PalmOilMagazine from KPBN Inacom, the Franco Dumai CPO tender opened at IDR 15,850 per kilogram but ended in a WD, with the highest bid reaching only IDR 15,600 per kilogram.
Also Read: Indonesia CPO Price Falls to IDR 15,844/kg as KPBN Tender Withdraws
The CPO FOB Talang Duku tender followed a similar pattern. The opening price stood at IDR 15,600 per kilogram, while the highest bid was IDR 15,309 per kilogram before the tender ended in a WD.
Meanwhile, CPO Franco Teluk Bayur opened at IDR 15,650 per kilogram and ended in a WD, with the highest bid recorded at IDR 15,293 per kilogram.
For downstream products, crude palm kernel oil (CPKO) Franco Dumai was quoted at IDR 29,456 per kilogram and ended in a WD, with the highest bid at IDR 28,630 per kilogram. Palm kernel (PK) Franco Belawan was priced at IDR 13,460 per kilogram.
Also Read: Malaysia CPO Prices Weaken, September Contract Falls to RM4,720 per Ton
Malaysia Palm Oil Futures Extend Correction
Mirroring the weakness in the KPBN tender, CPO futures on Bursa Malaysia Derivatives also came under renewed pressure on Wednesday, August 26.
The benchmark CPO contract for November 2026 delivery closed down RM93 per metric ton, or 1.88%, at RM4,853 per metric ton. The decline extended the market’s correction into a second consecutive session.
Also Read: CPO Prices Expected to Rise in H2 2026 as El Niño Raises Supply Risks
The benchmark contract had already fallen 1.43% in the previous session. The latest correction came after an earlier rally in palm oil prices reduced the commodity’s competitiveness against rival vegetable oils, particularly soybean oil.
According to Reuters, the pressure on CPO prices also reflected broader movements in the global vegetable oil market. Traders are closely monitoring soybean oil prices, along with supply and demand developments that could influence palm oil’s competitiveness in international markets.
The combination of weaker CPO futures in Malaysia and another WD result in the KPBN tender indicates that the palm oil market is facing short-term price pressure. The next direction for CPO prices will depend largely on global vegetable oil movements, export demand and broader commodity market sentiment. (P3)
