PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) price at PT Kharisma Pemasaran Bersama Nusantara (KPBN) rose to Rp14,666/kg on Wednesday (23/7/2025), marking an increase of Rp116/kg or 0.80% compared to the previous day’s price of Rp14,550/kg on Tuesday (22/7).
According to information obtained by Palmoilmagazine.com from KPBN, the Franco Belawan price was set at Rp14,666/kg. The Franco Dumai price was initially opened at the same level, but the tender was withdrawn (WD) with the highest bid recorded at Rp14,525/kg. Meanwhile, the FOB Kembayan price opened at Rp14,216/kg, but also saw a withdrawal with the highest bid reaching Rp13,995/kg.
On the international front, as reported by Reuters, Malaysian palm oil futures strengthened further on Wednesday (23/7), extending gains from the previous session. The rally was supported by short-covering activities, along with rising prices of palm olein in Dalian and soyoil on the Chicago Board of Trade (CBOT).
Also Read: Malaysia Raises CPO Reference Price for August, Export Duty Increases to 9 Percent
The benchmark CPO futures contract for October delivery on the Bursa Malaysia Derivatives (BMD) rose RM66 per ton, or 1.55%, to RM4,330 per metric ton during the midday break. The price briefly touched an intraday high of RM4,334.
Meanwhile, Dalian’s most active palm oil contract rose 1.59%, while soyoil contracts edged up 0.3%. In the Chicago market, soyoil futures gained 0.79%, reinforcing a bullish sentiment across the global vegetable oil market.
Summary of KPBN CPO Tender Results (Excl. VAT), Wednesday (23/7/2025):
- Franco Belawan: Rp14,666/kg – EOP
- Franco Dumai: Rp14,666/kg (Withdrawn) – Highest bid: Rp14,525/kg – WNI
- Loco Kembayan: Rp14,216/kg (Withdrawn) – Highest bid: Rp13,995/kg – PAA
- Loco Pelaihari: Rp14,112/kg (Withdrawn) – Highest bid: Rp13,525/kg – WNI
(P2)
