PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) recorded a withdraw (WD) on Friday (Sept 12, 2025), with the highest bid standing at Rp14,478/kg. This reflects a decline of Rp62/kg or about 0.43% compared to Thursday’s (Sept 11) highest bid of Rp14,540/kg.
According to information obtained by Palmoilmagazine.com from KPBN, the CPO Franco Dumai price opened at Rp14,525/kg but was withdrawn at Rp14,478/kg. Meanwhile, Loco Pelaihari opened at Rp13,971/kg but ended withdrawn at the highest bid of Rp13,414/kg.
From Reuters reports, Malaysian palm oil futures also closed lower on Friday (Sept 13, 2025), posting a slight weekly loss. The market was pressured by profit-taking ahead of a long holiday, a stronger ringgit, and weak export demand.
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The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange dropped 9 ringgit, or 0.2%, to 4,445 ringgit (US$1,058.33) per ton at closing. On a weekly basis, the contract slipped 0.07%.
On the policy front, Minister of Energy and Mineral Resources Bahlil Lahadalia revealed the government is considering raising the mandatory palm oil-based biodiesel blend to 45% (B45) before eventually moving toward B50. On the same day, the government also handed over 674,178 hectares of palm oil plantation land to state-owned Agrinas Palma Nusantara, increasing its total concession area to 1.5 million hectares.
A Kuala Lumpur-based trader commented that the market was largely engaging in profit-taking after the previous rally. Additional pressure came from weaker vegetable oil contracts on the Dalian exchange, high supply data from the Malaysian Palm Oil Board (MPOB), slowing exports, and the upcoming Bursa closure on September 15–16 for a national holiday.
Latest MPOB data showed that Malaysia’s palm oil stocks at the end of August surged to their highest level in 20 months. Meanwhile, Malaysia’s palm oil product exports from September 1–10 fell between 1.2% and 8.4% compared to the same period last month, according to cargo surveyors.
Even so, other vegetable oil markets showed modest gains. The most active soybean oil and palm oil contracts in Dalian rose 0.36% and 0.24% respectively, while soybean oil prices on the Chicago Board of Trade edged up 0.25%.
KPBN Tender Results (Rp/kg, excl. VAT) for Friday (Sept 12, 2025):
CPO
- Franco Dumai: Rp14,525 (WD). Highest bid: Rp14,478 – EUP
- Loco Pelaihari: Rp13,971 (WD). Highest bid: Rp13,414 – WNI
- Loco Long Pinang: No bidder
CPKO
- Loco Palembang: Rp31,551 (WD). Highest bid: Rp29,310 – IKIN
- Loco Lampung: Rp31,721 (WD). Highest bid: Rp28,910 – IKIN
PK
- Loco Solok Selatan: Rp13,446 – UIP
- Loco Ophir: Rp13,570 – UIP
(P2)
