PALMOILMAGAZINE, JAKARTA — Crude palm oil (CPO) prices eased on Friday (October 31, 2025) as market sentiment turned cautious following global developments. Data from PT Kharisma Pemasaran Bersama Nusantara (KPBN) showed that CPO trading ended in withdraw (WD), with the highest bid recorded at IDR13,968 per kilogram, marking a decline of IDR38/kg or about 0.27% compared to Thursday’s price of IDR14,150/kg.
According to KPBN data, Franco Dumai CPO opened at IDR14,075/kg but ended WD at IDR13,968/kg. In Talang Duku, prices opened at IDR13,875/kg and WD at IDR13,709/kg, while Teluk Bayur opened at IDR13,945/kg and WD at IDR13,778/kg. The same pattern was seen in South Kalimantan, with bids closing lower at IDR13,400/kg.
Meanwhile, the Bursa Malaysia Derivatives (BMD) market also saw CPO futures closing lower on Friday, pressured by rising expectations of soybean oil demand following a new trade agreement between China and the United States.
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A market note from CGS International Futures Malaysia Sdn Bhd reported that the market weakened after news emerged that China had agreed to purchase a large volume of U.S. soybeans as part of bilateral trade talks.
“China has agreed to purchase 12 million tons of soybeans this year, offering relief to U.S. farmers who have long awaited a rebound in exports to Asian markets,” the report stated. Furthermore, over the next three years, China has committed to buying at least 25 million tons of soybeans annually, which could boost demand for alternative vegetable oils such as soybean oil—potentially weighing on global CPO prices.
At market close, CPO futures for November 2025 delivery fell RM32 to RM4,185 per ton, while December contracts dropped RM47 to RM4,193 per ton. January and February 2026 contracts slipped RM53 each to RM4,207 and RM4,222 per ton, respectively. March and April 2026 contracts also fell RM52 each to RM4,228 and RM4,220 per ton.
Trading volume increased to 93,756 lots, up from 82,258 lots on the previous day, while open interest edged higher to 264,770 contracts from 264,546 contracts. In the physical market, however, Southern CPO prices for November delivery inched up RM20 to RM4,240 per ton, supported by steady domestic demand.
KPBN Tender Results (IDR/kg, excluding VAT) – Friday, October 31, 2025:
CPO:
- Franco Dumai: IDR14,075 (WD), highest bid IDR13,968 – EUP
- FOB Talang Duku: IDR13,875 (WD), highest bid IDR13,709 – AGM
- Franco Teluk Bayur: IDR13,945 (WD), highest bid IDR13,778 – WIRA
- FOB South Kalimantan: IDR13,675 (WD), highest bid IDR13,400 – LDC
CPKO:
- Franco Dumai: IDR27,984 (WD), highest bid IDR26,907 – SDS
- Loco Lampung: IDR27,910 (WD), highest bid IDR25,280 – IKIN
PK:
- Franco Belawan: IDR12,532 (WD), highest bid IDR12,300 – PHPO, MM
Overall, the late-October downturn in CPO prices reflects persistent global volatility, with traders closely monitoring shifts in vegetable oil demand and trade policy developments between major economies. (P2)
