PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom saw a withdrawal (WD) during Friday’s (May 23, 2025) tender, with the highest bid reaching Rp13,271/kg. This reflects a 0.59% decline—or a drop of Rp79/kg—from Thursday’s (May 22) price of Rp13,350/kg.
According to data received by Palmoilmagazine.com from the KPBN, the Belawan CPO Franco opened at Rp13,261/kg but was withdrawn after the highest bid only reached Rp13,271/kg. Similarly, Dumai CPO was opened at Rp13,361/kg, but this auction was withdrawn with the highest bid at Rp13,266/kg.
Meanwhile, in global markets, Reuters reported that Malaysian palm oil futures closed higher on Friday, posting a weekly gain. However, expectations of rising production capped further price increases.
Also Read:
The benchmark August 2025 CPO futures contract on the Bursa Malaysia Derivatives (BMD) rose RM7 per metric ton, or 0.18%, to RM3,827—approximately US$905.16—at the close of trading. On a weekly basis, the contract was up 0.18%.
A Kuala Lumpur-based trader noted that early session gains were largely erased following the release of production estimates from the Malaysian Palm Oil Association (MPOA). According to the MPOA, CPO output in Malaysia rose by 3.51% from May 1–20 compared to the previous month. This increase has sparked concerns over a possible short-term supply glut, weakening bullish sentiment.
In China’s Dalian Commodity Exchange, the most actively traded soybean oil contract rose 0.18%, while palm oil contracts slipped 0.32%. In contrast, soybean oil futures on the Chicago Board of Trade (CBOT) saw a stronger gain of 1.16%.
KPBN Tender Results – Friday, May 23, 2025 (Prices in Rp/kg, Excluding VAT)
CPO:
- Franco Belawan: Rp13,361 (WD), Highest Bid: Rp13,271 – MM
- Franco Dumai: Rp13,361 (WD), Highest Bid: Rp13,266 – IBP
- Franco Teluk Bayur: Rp13,231 (WD), Highest Bid: Rp13,121 – WIRA
- FOB Talang Duku: Rp13,161 (WD), Highest Bid: Rp13,061 – MM
- FOB South Kalimantan: Rp12,961 (WD), Highest Bid: Rp12,125 – WNI
- Loco Pelaihari: Rp12,807 (WD), Highest Bid: Rp12,125 – WNI
CPKO:
- Franco Kuala Tanjung: Rp27,243 (WD), Highest Bid: Rp26,900 – AGJ
- Loco Palembang: Rp26,879 (WD), Highest Bid: Rp25,425 – IKIN
Despite positive movements in international futures, local market bids remained below expectations, prompting a full withdrawal across all KPBN auction points. (P2)
