KPBN CPO Withdraws at IDR 14,600/kg on Oct. 1 as Malaysia Palm Oil Hits 11-Week Low

KPBN’s highest CPO offer fell 2.15% to IDR 14,600/kg on Thursday, while Malaysia’s benchmark palm oil futures dropped to RM4,553 per metric ton amid weaker export prospects and rising production.

PALMOILMAGAZINE, JAKARTA — Crude palm oil (CPO) offered through PT Kharisma Pemasaran Bersama Nusantara (KPBN) was withdrawn on Thursday, Oct. 1, 2026, with the highest bid recorded at IDR 14,600 per kg, down IDR 321, or 2.15%, from the previous day’s highest offer of IDR 14,921 per kg.

The decline came as Malaysian palm oil futures fell to an 11-week low, pressured by weaker competing vegetable oil prices, concerns over softer Malaysian exports in September and expectations of higher production.

Also Read: KPBN Inacom CPO Price Falls to IDR 14,921/kg Wednesday, Sept. 30, as Rotterdam Prices Move Mixed

According to KPBN data obtained by PalmOilMagazine, CPO at Franco Belawan opened at IDR 14,840 per kg before being withdrawn with the highest bid at IDR 14,600 per kg.

At FOB Talang Duku, the opening price was IDR 14,590 per kg, with the tender withdrawn at a highest bid of IDR 14,345 per kg. Meanwhile, Franco Teluk Bayur opened at IDR 14,640 per kg before being withdrawn at a highest bid of IDR 14,331 per kg.

Malaysian Palm Oil Hits 11-Week Low

Palm oil futures on Bursa Malaysia Derivatives fell to their lowest level in 11 weeks on Thursday as weaker Chicago soyoil prices and concerns over Malaysia’s September exports weighed on sentiment. Reuters reported that rising production also added pressure to the market.

The benchmark December 2026 palm oil contract fell RM57 per metric ton, or 1.24%, to RM4,553 per ton, equivalent to about US$1,115.11 per ton at the close.

Also Read: Malaysia CPO Falls 5.76% in September as KPBN Price Drops to IDR 14,921/kg

The decline followed a 0.59% drop in soybean oil futures on the Chicago Board of Trade. Vegetable oils compete for a share of the global edible oils market, making price movements in competing oils an important influence on palm oil.

Malaysia’s palm oil exports in September were estimated to have declined between 17.1% and 28.8% from the previous month, according to cargo surveyors Intertek Testing Services and AmSpec Agri Malaysia.

China’s markets were also closed from Oct. 1 to Oct. 7 for the National Day holiday, limiting trading activity in one of Asia’s major commodity markets.

Also Read: Indonesia Raises October 2026 CPO Reference Price to USD 1,042.15/MT, Export Duty USD 178, Levy USD 130.269

Indonesia’s Palm Oil Exports Edge Lower

Indonesia’s exports of crude and processed palm oil reached 16.13 million metric tons in January-August 2026, according to Statistics Indonesia (BPS), down 0.39% from the same period a year earlier.

Meanwhile, the Indonesian government set the CPO reference price for October at US$1,042.15 per metric ton, up 3.44% from US$1,007.51 in September. The reference price is used to determine export duties and the palm oil export levy.

For October, Indonesia set the CPO export duty at US$178 per metric ton, while the export levy was set at 12.5% of the reference price, equivalent to approximately US$130.27 per metric ton.

Also Read: 84% of Indonesia’s September Fire Hotspots Found in Open-Access Areas, Expert Says

KPBN CPO Tender — Oct. 1, 2026

All prices below are in IDR/kg, excluding VAT:

Palm Kernel Tender

Franco Medan/Belawan: IDR 12,900/kg (WD), with the highest bid at IDR 12,550/kg from SMART.

(P3)