PALMOILMAGAZINE, JAKARTA — The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) slipped again on Thursday (Aug 21, 2025), as the tender ended with a withdraw (WD). The highest bid stood at IDR14,500/kg, down IDR60/kg or 0.41% from Wednesday’s peak offer of IDR14,560/kg.
According to KPBN data, CPO Franco Belawan opened at IDR14,580/kg but ended WD at IDR14,500/kg. A similar trend occurred in Franco Dumai, which also opened at IDR14,580/kg but closed WD with the top bid of IDR14,488/kg.
The weakness echoed the broader market. Reuters reported that Malaysian palm oil futures extended losses for a third straight session on Thursday, despite strong export data in mid-August. The benchmark November 2025 contract at the Malaysia Derivatives Exchange dropped RM18/ton (–0.4%) to RM4,480 (US$1,061.61) per ton at the midday break.
Also Read: India’s Soybean Oil Imports Set to Surge, Threatening Palm Oil Market
On China’s Dalian Commodity Exchange, palm oil futures edged down 0.11%, while soyoil contracts slipped 0.45%. Meanwhile, U.S. soyoil on the Chicago Board of Trade (CBOT) rose slightly by 0.2%.
From the supply side, data from the Indonesian Palm Oil Association (GAPKI) showed national palm oil stocks fell 13% month-on-month to 2.53 million tons by the end of June, even as production increased, boosted by strong exports. In Malaysia, exports of palm oil products during Aug 1–20 jumped 13.6% to 17% compared to the same period last month, according to Intertek Testing Services and AmSpec Agri Malaysia.
KPBN Tender Results (IDR/kg, excl. VAT) – Aug 21, 2025
- Franco Belawan: IDR14,580 (WD). Highest bid: IDR14,500 – BEST
- Franco Dumai: IDR14,580 (WD). Highest bid: IDR14,488 – AGM
- Loco S. Tapung: IDR14,341 (WD). Highest bid: IDR14,249 – AGM
- FOB T. Duku: IDR14,330 (WD). Highest bid: IDR14,288 – AGM
- Franco T. Bayur: IDR14,450 (WD). Highest bid: IDR14,333 – WIRA. (P2)
