KPBN Inacom CPO Price Drops to IDR14,254/kg on Friday (Nov. 6), Malaysia Futures Plunge 2.72% to RM4,258

Indonesia’s KPBN Inacom CPO tender ended in withdrawal for a second consecutive session, with the highest bid falling IDR294/kg. Meanwhile, Malaysia’s January 2027 CPO futures dropped 2.72% on Friday (Nov. 6), bringing weekly losses to 9.04% amid weakness in global soybean oil prices.

PALMOILMAGAZINE, JAKARTA — Indonesia’s crude palm oil (CPO) market remained under pressure on Friday (Nov. 6, 2026), as the tender conducted by PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom ended in withdrawal (WD) for a second consecutive trading session.

The highest CPO bid was recorded at IDR14,254 per kilogram, down IDR294/kg, or 2.02%, from IDR14,548/kg on Thursday (Nov. 5, 2026).

Also Read: Indonesia Cuts November 2026 CPO Reference Price 6.07% to US$978.90/MT, Sets Export Duty at US$124

Based on information obtained by PalmOilMagazine from KPBN Inacom, the Franco Dumai CPO offer opened at IDR14,500/kg but ended in withdrawal, with the highest bid reaching IDR14,254/kg.

Weaker bids were also recorded in West Kalimantan. The FOB West Kalimantan offer opened at IDR14,000/kg before ending in withdrawal at a highest bid of IDR13,754/kg.

Other CPO offers in the region also failed to secure transactions. Loco PKS Kembayan opened at IDR14,000/kg and recorded a highest bid of IDR13,754/kg, while Loco PKS Ngabang opened at IDR14,125/kg and received a highest bid of IDR13,879/kg. Both tenders ended in withdrawal.

Also Read: RSPO Recognizes 45 Independent Smallholder Groups as Indonesia Accounts for 77% of Global RSPO-Certified Farmers

The crude palm kernel oil (CPKO) tender also failed to generate transactions at both locations offered by KPBN Inacom.

FOB Lampung CPKO opened at IDR28,805/kg but ended in withdrawal after receiving a highest bid of IDR23,000/kg. Meanwhile, FOB Palembang opened at IDR28,635/kg and recorded a highest bid of IDR27,200/kg, with the tender also ending in withdrawal.

Malaysia CPO Futures Fall 9.04% in a Week

Pressure in Indonesia’s domestic palm oil market coincided with another sharp decline in international CPO prices.

According to Reuters, Malaysian palm oil futures extended their losses on Friday (Nov. 6, 2026), weighed down by weakness in global soybean oil markets.

Also Read: RSPO RT2026: Solidaridad and Henkel Win Excellence Award for Reaching 39,000 Palm Oil Smallholders

The January 2027 CPO contract on the Bursa Malaysia Derivatives Exchange fell RM119, or 2.72%, to close at RM4,258 per tonne. This marked its lowest closing level since March 5, 2026.

For the week, the benchmark contract lost 9.04%, representing its steepest weekly decline since mid-December 2024. The losses also extended the contract’s downward trend to a second consecutive week.

Pressure was also evident across other major vegetable oil markets.

Also Read: Indonesia’s DSI Says Single Export Gateway Will Strengthen Palm Oil Trade Ahead of 2027 Launch

On the Dalian Commodity Exchange, the most actively traded soybean oil contract declined 1.41%, while the palm oil contract fell 2.41%.

Meanwhile, soybean oil futures on the Chicago Board of Trade (CBOT) slipped 0.53%.

Soybean oil weakness remains an important factor influencing palm oil price movements because the two commodities compete for market share in the global vegetable oil sector. Declining soybean oil prices can reduce palm oil’s relative price competitiveness and weigh on market sentiment.

Also Read: RSPO, CPOPC and Kadin Strengthen Sustainable Palm Oil Collaboration

The simultaneous declines across Malaysian, Chinese and US vegetable oil markets highlighted the broader pressure facing the palm oil complex.

With KPBN Inacom’s domestic tenders also ending without transactions, market participants are likely to continue monitoring competing vegetable oil prices and international futures movements for signals of the next direction in CPO trading.

KPBN Inacom Tender Results — Friday, November 6, 2026

Prices in Indonesian rupiah per kilogram, excluding VAT.

Crude Palm Oil (CPO)

Crude Palm Kernel Oil (CPKO)

The sharp correction in Malaysian CPO futures, accompanied by lower bids in Indonesia’s KPBN Inacom tender, underscored the selling pressure facing the palm oil market heading into the following week. Developments in competing vegetable oil markets are expected to remain an important factor shaping price direction. (P3)