PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) recorded a withdraw (WD) during the Friday (29/8/2025) tender, with the highest bid reaching Rp14,489/kg. This marks a decline of Rp61/kg, or about 0.42%, compared to Thursday’s (28/8/2025) level of Rp14,550/kg.
According to information obtained by Palmoilmagazine.com from KPBN, the Franco Dumai CPO price was initially opened at Rp14,525/kg but ended with a withdrawal, leaving the highest bid at Rp14,489/kg. Meanwhile, the FOB Talang Duku price was set at Rp14,325/kg.
CPO futures on the Malaysian Derivatives Exchange also weakened on Friday (29/8/2025). A drop in other vegetable oils and profit-taking ahead of a long weekend halted a three-week rally.
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The benchmark November 2025 CPO contract slipped RM43 per ton, down 0.97% to RM4,406 per ton at the midday break. Over the week, the contract has already lost 2.36%.
A Kuala Lumpur-based trader noted that the decline in competing vegetable oils weighed on the palm oil market. “In addition, some players may have closed positions ahead of the long holiday,” the broker said.
Both Bursa Malaysia and the Chicago Board of Trade will be closed next Monday for national holidays, with trading activity expected to be muted.
Elsewhere, the most active soyoil contract on the Dalian exchange fell 0.55%, while palm oil contracts there plunged 2.03%. Soyoil on the Chicago Board of Trade also dropped 0.42%.
KPBN CPO Tender Results (Rp/kg, excl. VAT) – Friday, 29 August 2025:
Franco Dumai: Rp14,525 (WD), highest bid Rp14,489 – EUP
FOB Talang Duku: Rp14,325 – PRISCOLIN
Loco Pelaihari: Rp13,971 (WD), highest bid Rp13,405 – WNI
(P2)
