Benchmark CPO prices at Indonesia’s KPBN Inacom gained nearly 1% on Tuesday, supported by a recovery in Malaysian palm oil futures amid stronger competing vegetable oil and crude oil prices. PALMOILMAGAZINE, Jakarta — Indonesia’s benchmark crude palm oil (CPO) price at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom rose on Tuesday (August 4), tracking a rebound in the global vegetable oil market. In the palm kernel oil market, the Franco Dumai CPKO tender opened at IDR 31,327/kg but was withdrawn after the highest bid reached IDR 30,470/kg. The domestic price increase came as Malaysian palm oil futures rebounded after two consecutive sessions of losses, supported by gains in competing vegetable oils and a recovery in crude oil prices. The most-active soyoil contract on the Dalian Commodity Exchange gained 0.62%, while the exchange’s palm oil contract rose 0.41%.