PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom rose to Rp13,600/kg on Monday, June 16, 2025. This marks a 1.8% increase, or around Rp240/kg, compared to the previous price of Rp13,360/kg on Friday, June 13.
According to information obtained by Palmoilmagazine.com from KPBN, the CPO price for Franco Belawan & Dumai was set at Rp13,600/kg.
Meanwhile, as reported by Reuters, CPO futures on the Malaysian Derivatives Exchange climbed for the third consecutive session on Monday. This uptrend was driven by a global surge in soybean oil prices, following the U.S. proposal to increase the blending quota of biofuels over the next two years. The momentum was further supported by a crude oil rally sparked by geopolitical tensions in the Middle East.
Also Read: CPO Prices Climb at KPBN and Malaysian Exchange Amid Global Oil Rally on Fiday, June 13
Palm oil futures for September delivery on the Malaysian Derivatives Exchange jumped RM156, or 3.98%, to RM4,078 per metric ton (approximately US$961.79) during the midday trading break.
This rally mirrored the 4.51% surge in soybean oil prices on the Chicago Board of Trade (CBOT), following the U.S. government’s plan to boost biofuel blending mandates—signaling growing demand for biomass-based biodiesel, especially as the global energy transition accelerates.
According to Darren Lim, a commodity analyst at Singapore-based brokerage Phillip Nova, rising global energy prices have created a dual impact on the palm oil market: increasing production costs, while also enhancing palm oil’s appeal as a biofuel feedstock—a more sustainable alternative to fossil fuels.
In addition to CBOT gains, similar strength was observed in China’s markets. The most active soyoil contract in Dalian rose 2.57%, while palm oil futures on the same exchange gained 3.76%. (P2)
