PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) auction at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was withdrawn on Wednesday (July 9, 2025), with the highest bid recorded at Rp14,022/kg. This marks an increase of Rp47/kg or 0.34% from the highest bid of Rp13,975/kg on Tuesday (July 8, 2025).
According to information obtained by Palmoilmagazine.com from KPBN, the CPO price for Franco Belawan & Dumai opened at Rp14,100/kg, but no sale occurred as the auction was withdrawn. The highest offer stood at Rp14,022/kg. Meanwhile, the FOB Talang Duku price was listed at Rp13,900/kg.
In global markets, Reuters reported that Malaysian CPO futures extended their rally for the third consecutive day on Wednesday (July 9, 2025), reaching the highest level in nearly three months. The rise was supported by strengthening prices of rival vegetable oils on the Dalian Commodity Exchange and a weaker Malaysian ringgit, though gains were limited by declining soybean oil prices on the Chicago Board of Trade (CBOT).
Also Read: CPO Market Strengthens: Prices Up 1.08% on KPBN and Malaysian Exchange Gains On Tuesday (7/8)
The benchmark September 2025 CPO futures contract (FCPOc3) on Bursa Malaysia settled 0.27% higher at RM 4,159/ton, approximately US$979.05/ton.
On the Dalian Exchange, the most active soyoil contract (DBYU5) rose by 0.15%, while the palm oil contract (DCPU5) surged by 1.45%. Conversely, CBOT soybean oil futures (BOc2) declined by 0.74%, capping further upside in the Malaysian palm oil market.
Summary of KPBN Tender Results (Rp/kg, excl. VAT) for Wednesday (July 9, 2025):
- CPO
- Franco Belawan & Dumai: Rp14,100 (Withdrawn)
- Highest Bid: Rp14,022 – MM, IBP
- FOB Talang Duku: Rp13,900 – AGM
- Franco Belawan & Dumai: Rp14,100 (Withdrawn)
- CPKO
- Franco Belawan: Rp23,125 – IBP
(P2)
