PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom rose to Rp13,730/kg on Monday (June 23, 2025), marking an increase of Rp75/kg or approximately 0.55% compared to the previous price of Rp13,655/kg on Friday (June 20, 2025).
Based on information obtained by Palmoilmagazine.com from KPBN, the Franco CPO price for Belawan and Dumai was set at IDR 13,730/kg. The Franco CPO price for Teluk Bayur
was set at IDR 13,600/kg.Meanwhile, Reuters reported a slight gain in CPO futures on the Malaysian exchange at Monday’s close (June 23), recovering from earlier session pressure. The uptick was supported by rising global crude oil prices and a weakening Malaysian ringgit, which made CPO more appealing to foreign buyers.
The benchmark CPO futures contract for September 2025 delivery (code: FCPOc3) rose by 7 ringgit or about 0.17%, reaching 4,125 ringgit per metric ton, equivalent to US$961.09. This marks the fourth consecutive session of gains, signaling improving sentiment in the CPO market despite lingering competition from rival vegetable oils.
A Kuala Lumpur-based trader noted that the crude oil rally during Asian trading hours helped offset downward pressure from China’s vegetable oil market.
“Although Dalian palm olein weakened, higher crude oil prices and a weaker ringgit have provided crucial support to the CPO market,” the trader commented.
In international markets:
- Dalian soyoil futures (DBYcv1) fell by 0.44%
- Dalian palm oil futures (DCPcv1) slipped 0.33%
- Conversely, soybean oil prices on the Chicago Board of Trade (CBOT) rose by 0.59%
The weakened Malaysian ringgit played a vital role in boosting CPO prices, as it made Malaysian palm oil more competitively priced for key importers like India and China.
KPBN CPO Tender Results (Excl. VAT) – Monday, June 23, 2025:
- Franco Belawan & Dumai: Rp13,730/kg – MM, IBP
- Franco Teluk Bayur: Rp13,600/kg – WIM (T2)
(P2)
