All three CPO tender locations recorded withdrawals, with the highest bid at IDR 14,002/kg for Franco Dumai. Meanwhile, Bursa Malaysia CPO futures surged RM151 per tonne, ending a six-session losing streak amid stronger soybean oil prices and lower-than-expected growth in Malaysian palm oil inventories.
PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom ended in withdrawal (WD) across all three tender locations on Wednesday (November 11, 2026). The highest bid was recorded at IDR 14,002/kg, down IDR 276/kg, or 1.93%, from IDR 14,278/kg in the previous trading session on Tuesday (November 10, 2026).
According to KPBN data obtained by PalmOilMagazine, the Franco Dumai CPO tender opened at IDR 14,485/kg before being withdrawn, with the highest bid reaching IDR 14,002/kg from SPC.
The Loco PKS Kembayan tender opened at IDR 13,985/kg and was withdrawn at the highest bid of IDR 13,502/kg, submitted by EUP. Meanwhile, the Loco PKS Ngabang tender opened at IDR 14,110/kg before ending in withdrawal, with EUP submitting the highest bid of IDR 13,627/kg.
In contrast to the Indonesian tender market, Malaysian palm oil futures staged a strong recovery on Wednesday (November 11, 2026), ending six consecutive sessions of losses.
According to Reuters, the benchmark CPO futures contract for January 2027 delivery on Bursa Malaysia Derivatives closed RM151 per tonne higher, gaining approximately 3.55% to RM4,407 per tonne, equivalent to US$1,082.27 per tonne.
The rebound was supported by stronger soybean oil prices in the global market and Malaysian palm oil inventory data showing a smaller-than-expected increase in October.
Data from the Malaysian Palm Oil Board (MPOB) showed that Malaysia’s palm oil stocks reached a fresh record high in October, surpassing the previous record set in September. The inventory increase was primarily driven by resilient production, while export recovery had yet to fully offset the additional supply.
Also Read: Indonesia Cuts November 2026 CPO Reference Price 6.07% to US$978.90/MT, Sets Export Duty at US$124
KPBN Inacom CPO Tender Results – Wednesday, November 11, 2026
Prices in IDR/kg, excluding VAT.
Crude Palm Oil (CPO)
- Franco Dumai: Opening price IDR 14,485/kg; withdrawn (WD), with the highest bid at IDR 14,002/kg from SPC.
- Loco PKS Kembayan: Opening price IDR 13,985/kg; withdrawn (WD), with the highest bid at IDR 13,502/kg from EUP.
- Loco PKS Ngabang: Opening price IDR 14,110/kg; withdrawn (WD), with the highest bid at IDR 13,627/kg from EUP.
Palm Kernel (PK)
- Franco Belawan: IDR 12,908/kg – SMART.
(P3)
