Palm Oil Magazine - CPO Prices Surge at KPBN Inacom on Wednesday (2/7), Malaysian Palm Oil Futures Rebound

PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom surged to Rp13,700/kg on Wednesday, July 2, 2025. This marks an increase of Rp175/kg, or 1.29%, compared to the highest bid price of Rp13,525/kg on Tuesday, July 1.

Meanwhile, CPO futures on the Malaysian Derivatives Exchange rebounded on the same day (Wednesday, July 2), after declining in the previous two sessions. This recovery was driven by stronger export demand, gains in soybean oil prices, and expectations of lower palm oil output in June.

The benchmark September 2025 CPO contract rose by RM66/ton, or around 1.66%, to RM4,034/metric ton during the mid-day trading break.

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Further support came from strengthening prices of other vegetable oils. On the Dalian Exchange, the most active soybean oil contract climbed 0.35%, while the palm oil contract rose 0.79%. Meanwhile, soybean oil futures on the Chicago Board of Trade (CBOT) also gained 0.71%.

KPBN CPO Tender Results (Excl. VAT) – Wednesday, July 2, 2025: