PALMOILMAGAZINE, JAKARTA — The crude palm oil (CPO) price at PT Kharisma Pemasaran Bersama Nusantara (KPBN) was set at IDR14,556 per kilogram on Wednesday (October 22, 2025), marking a decrease of IDR155/kg or around 1.05% from the previous day’s price of IDR14,711/kg.
According to KPBN data obtained by beige-heron-208544.hostingersite.com, CPO Franco Belawan and Dumai was priced at IDR14,556/kg. Meanwhile, CPO Talang Duku opened at IDR14,356/kg but was withdrawn (WD) after the highest bid reached IDR14,288/kg.
On the international front, Reuters reported that CPO futures on the Malaysia Derivatives Exchange continued their downward trend for the third consecutive day on Wednesday (October 22, 2025), following weakness in the Dalian Commodity Exchange’s vegetable oil market, which heavily influences global palm oil prices.
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The benchmark January 2026 CPO contract on the Bursa Malaysia Derivatives (BMD) fell RM51 per ton (–1.13%) to RM4,454 per ton (approximately US$1,054.45) at the close of trade.
In China, the most active soybean oil contract on the Dalian exchange dropped 0.99%, while the palm oil contract declined 1.69%. Conversely, U.S. soybean oil futures on the Chicago Board of Trade rose slightly by 0.3%.
From a fundamental perspective, Indonesia’s biodiesel consumption continued to rise significantly. Minister of Energy and Mineral Resources Bahlil Lahadalia stated that national biodiesel use reached 10.57 million kiloliters from January to September 2025, an increase of nearly 10% compared to 9.61 million kiloliters in the same period last year.
Export data also showed moderate growth. Cargo surveyor Intertek Testing Services reported that Malaysia’s palm oil exports from October 1–20 rose 3.4% month-on-month, while AmSpec Agri Malaysia recorded a similar 2.5% increase.
Despite current price pressures, the Malaysian Palm Oil Council (MPOC) projected that CPO prices will remain above RM4,400 per ton heading into 2026, supported by ongoing uncertainty in global palm and soybean oil exports.
Meanwhile, global crude oil prices climbed by around 2% on Wednesday, fueled by optimism over potential trade agreements between the United States, China, and India—a factor that could lend positive sentiment to energy and vegetable oil markets.
CPO Price Details:
- Franco Dumai: IDR14,556 – EUP
- FOB Talang Duku: IDR14,356 (Withdrawn). Highest bid: IDR14,288 – AGM
- Franco Teluk Bayur: IDR14,426 (Withdrawn). Highest bid: IDR14,331 – WNI
- Loco Long Pinang: No bidder
CPKO Price:
- Franco Dumai: IDR28,334 (Withdrawn). Highest bid: IDR28,075 – IBP.
(P2)
