PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices at Indonesia’s state trading platform, PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom, surged to Rp13,422 per kilogram on Wednesday, May 14, 2025. This marks a significant increase of 3.76% (equivalent to Rp487/kg) compared to the highest bid price recorded on Friday, May 9, 2025, which stood at Rp12,935/kg.
According to data received by Palmoilmagazine.com, the Franco Dumai price was set at Rp13,422/kg, while Franco Belawan opened at Rp13,150/kg but ended in a withdraw (WD) despite receiving a highest bid of Rp13,410/kg. Similarly, Franco Teluk Bayur opened at Rp13,292/kg, with the highest bid reaching Rp13,088/kg, also resulting in a WD.
Meanwhile, Reuters reported that palm oil futures on the Malaysian Derivatives Exchange extended gains for the fourth consecutive session on the same day, supported by the rally in competing vegetable oil prices on both the Dalian and Chicago commodity exchanges.
Also Read: CPO Price Drops at KPBN While Malaysian Palm Oil Futures Rebound on Friday (May 9)
The benchmark July 2025 CPO contract rose by RM60 per metric ton or 1.54%, reaching RM3,953/ton (approx. US$916.74)—the highest intraday close since April 28, 2025.
A Kuala Lumpur-based trader attributed the price increase to spread adjustments relative to other vegetable oils, particularly soybean oil and competing palm oil products in the global market.
“Palm oil futures opened higher today, driven by adjustments in spreads versus rival oils. Bargain buying activity also provided support to prices,” the trader noted.
In China’s Dalian Commodity Exchange, the most active soybean oil contract rose 0.82%, while the palm oil September contract gained 1.62%. Meanwhile, soybean oil prices on the Chicago Board of Trade (CBOT) edged up by 0.47%.
Summary of KPBN Tender Results (Excl. VAT) – Wednesday, May 14, 2025
CPO Prices (Rp/kg)
- Franco Belawan: Rp13,422 (WD), highest bid Rp13,410 – EOP
- Franco Dumai: Rp13,422 – EUP
- Franco Teluk Bayur: Rp13,292 (WD), highest bid Rp13,088 – WIRA
- FOB Talang Duku: Rp13,222 (WD), highest bid Rp13,202 – PRISCOLIN
- Loco Sei Tapung: Rp13,183 (WD), highest bid Rp12,938 – WNI
- FOB South Kalimantan: Rp13,022 (WD), highest bid Rp12,188 – WNI
CPKO Prices (Rp/kg)
- Franco Belawan: Rp30,076 (WD), highest bid Rp28,135 – WNI
- Loco Palembang: Rp29,712 (WD), highest bid Rp27,435 – IKIN
(P2)
