KPBN’s latest CPO tender failed to reach a transaction despite firmer global palm oil prices, with India’s rising vegetable oil imports underpinning market sentiment. PALMOILMAGAZINE, JAKARTA — Indonesia’s state-run crude palm oil (CPO) tender held by PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom ended in withdrawal on Wednesday (August 5), despite firmer Malaysian palm oil futures supported by improving export demand, particularly from India. Meanwhile, palm oil futures on the Bursa Malaysia Derivatives Exchange extended gains for a second consecutive session, supported by expectations of stronger export demand. However, gains in palm oil futures remained capped by weaker prices of competing edible oils. The most-active soybean oil contract on the Dalian Commodity Exchange fell 0.18%, while Dalian palm oil futures gained 1.13%.