Indonesian palm oil prices hold firm as domestic tenders edge higher
Crude palm oil tender prices in Indonesia firmed again on 9 July, with CPO Franco Kuala Tanjung set at Rp15,600/kg, while fresh fruit bunch prices in North Sumatra held at high levels. Malaysian benchmark futures also rose slightly to RM4,615/tonne, supported by firmer vegetable oils and crude oil.
Indonesian palm oil prices hold firm as domestic tenders edge higher
Crude palm oil (CPO) prices in Indonesia's domestic market firmed again this week, though gains stayed narrow, according to InfoSAWIT Sumatera, citing PT Kharisma Pemasaran Bersama Nusantara (KPBN) and Reuters. At the KPBN tender on Thursday, 9 July 2026, CPO Franco Kuala Tanjung was set at Rp15,600 per kg, up Rp11 per kg or about 0.07 percent from the previous day's highest offer of Rp15,589 per kg.
The firmer tender prices, together with elevated fresh fruit bunch (FFB) values in North Sumatra, point to a steady tone in the world's largest palm oil producer heading into the season. Industry players told InfoSAWIT Sumatera that the market remained supported by positive sentiment from global price action.
Regional tender prices
CPO on an FOB basis at Teluk Bayur was recorded at Rp15,700 per kg. The FOB Parindu tender in West Kalimantan opened at Rp15,250 per kg but closed with a withdraw (WD) status after the highest bid reached only Rp15,239 per kg. FOB Boom Baru in Palembang was set at Rp15,450 per kg, while Loco PKS Parindu and Ngabang stood at Rp15,250 per kg and Loco PKS Kembayan at Rp15,150 per kg.
In North Sumatra, prices for fresh fruit bunches held at high levels, InfoSAWIT Sumatera reported, keeping the country's main palm oil-producing region attractive for growers even as the pace of increases slowed.
International cues
Overseas, palm oil futures were broadly stable. The benchmark September-delivery CPO contract on the Bursa Malaysia Derivatives Exchange rose RM6 per tonne, or about 0.13 percent, to RM4,615 per metric tonne in early trade. Support came from stronger vegetable oils on the Dalian exchange and higher global crude oil prices, which offset pressure from weaker soybean oil on the Chicago Board of Trade (CBOT).
Biodiesel demand in focus
Industry participants said conditions still left room for domestic palm oil prices to stay positive in the short term, particularly as demand rises for the national biodiesel program and export demand holds. Indonesia's planned B50 mandate is expected to absorb up to 17 million tonnes of CPO, tightening the balance between home consumption and shipments abroad. President Prabowo has framed B50 as a symbol of Indonesia's palm-based energy sovereignty.
For importers and exporters, the combination of firm tenders, high FFB prices and a large domestic biodiesel draw suggests Indonesian export availability could tighten even while headline prices move sideways.
