PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices in Indonesia recorded an uptick mid-week. Data from PT Kharisma Pemasaran Bersama Nusantara (KPBN) showed that CPO was priced at IDR14,575 per kilogram on Wednesday (Oct 1), up IDR126/kg or 0.86% compared to Tuesday’s (Sept 30) highest bid of IDR14,462/kg.
KPBN Tender Results updates:
- Franco Belawan: IDR14,575/kg (EOP)
- Franco Dumai: IDR14,575/kg (Withdraw). Highest bid: IDR14,555/kg
- FOB Talang Duku: IDR14,375/kg (MM)
- Franco Teluk Bayur: IDR14,445/kg (Withdraw). Highest bid: IDR14,293/kg
- Loco Long Pinang: No bidder
Other palm oil products were also offered in Wednesday’s tender:
- CPKO Loco Palembang: Withdraw, highest bid at IDR29,050/kg
- CPKO Loco Lampung: Withdraw, highest bid at IDR28,650/kg
- Palm Kernel (PK) Franco Belawan: IDR14,041/kg
Malaysia Futures Bounce Back
On the global stage, CPO futures in Malaysia rebounded on Wednesday after three consecutive sessions of decline. Reuters reported that buying interest at lower levels, coupled with expectations of lower production in the coming months, supported the rally.
The benchmark December 2025 contract on the Bursa Malaysia Derivatives Exchange climbed RM38 per ton, or 0.87%, closing at RM4,390 per ton (about US$1,044).
Supporting the broader vegetable oil market, soybean oil prices on the Chicago Board of Trade also edged up by 0.38%. Meanwhile, the Dalian Commodity Exchange in China remains closed for the National Day holiday (October 1–8) and will resume trading on October 9.
Outlook
The simultaneous gains in domestic and international markets signal a short-term recovery for palm oil. However, future price movements will likely hinge on production trends, export demand from major buyers like India and China, and developments in competing vegetable oil markets. (P2)
