PALMOILMAGAZINE, JAKARTA — The crude palm oil (CPO) tender held by PT Kharisma Pemasaran Bersama Nusantara (KPBN) on Thursday, August 7, 2025, ended in a withdrawal, with the highest bid recorded at IDR14,500 per kilogram. This marks a price decline of IDR100/kg, or approximately 0.68%, compared to the previous day’s (August 6) rate of IDR14,600/kg.
According to information received by Palmoilmagazine.com from KPBN, the CPO Franco Dumai opening price was set at IDR14,530/kg, but no deals were closed, resulting in a withdrawal. The highest offer received during the session was IDR14,500/kg.
Meanwhile, as reported by Reuters, the Malaysian CPO market extended its decline for a second consecutive session on Thursday. The drop was driven by concerns over rising inventory and production levels, coupled with weaker export demand that continues to weigh on the market.
Benchmark palm oil futures for October delivery on the Malaysia Derivatives Exchange fell by RM26 per ton, or 0.61%, closing at RM4,241 per ton (equivalent to US$1,002.60).
Cargo surveyors estimate that Malaysia’s palm oil exports for July dropped by 6.7% to 9.6% compared to June. Market participants are now eyeing the Malaysian Palm Oil Board’s (MPOB) upcoming supply and demand report, which is scheduled for release on August 11, 2025.
In other markets, the most active soyoil contract on China’s Dalian Commodity Exchange rose by 0.55%, while palm oil futures declined by 0.33%. In the Chicago Board of Trade (CBOT), soyoil futures fell by 0.52%. (P2)
