PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) fell to IDR14,475/kg on Tuesday (Sept 23, 2025), down IDR280/kg or about 1.90% compared to Monday’s (Sept 22) price of IDR14,755/kg.
According to KPBN data accessed by Palmoilmagazine.com, the Franco Dumai price was set at IDR14,475/kg. Franco Teluk Bayur opened at IDR14,345/kg but ended with a withdrawal (WD) after the highest bid only reached IDR14,206/kg.
Meanwhile, Reuters reported that palm oil futures in Malaysia plunged more than 3% on Tuesday after Argentina—one of the world’s top soybean exporters—temporarily scrapped export taxes. The move made soybean oil cheaper than palm oil, triggering a wave of global selling.
The benchmark December 2025 palm oil contract on the Bursa Malaysia Derivatives Exchange dropped by RM162, or 3.65%, to RM4,281 (around US$1,020.26) per ton during the midday break. This sharp decline came just a day after the contract had inched up 0.41%.
On Monday, Argentina announced the suspension of export taxes on grains and their derivatives until the end of October, or until the government secures US$7 billion in export earnings. The measure aims to accelerate shipments and attract foreign exchange to support the peso, which has been under pressure.
Despite the bearish sentiment, palm oil prices found limited support from slowing production in Malaysia during September and forecasts of weaker yields in Q4 due to the rainy season.
Other vegetable oil markets also weakened. The most active soybean oil contract in Dalian dropped 3.76%, palm oil futures there fell 3.88%, while soybean oil on the Chicago Board of Trade slipped 1.59%.
KPBN Tender Results (IDR/kg, excl. VAT) for Tuesday, Sept 23, 2025:
Crude Palm Oil (CPO)
- Franco Dumai: IDR14,475 – PII
- Franco Teluk Bayur: IDR14,345 (WD). Highest bid IDR14,206 – WIRA
- FOB Talang Duku: IDR14,275 – PII
- Loco Pelaihari: IDR13,921 (WD). Highest bid IDR13,177 – WNI
- Loco Long Pinang: No Bidder
Crude Palm Kernel Oil (CPKO)
- Franco Dumai: IDR30,593 (WD). Highest bid IDR29,910 – IBP
- Loco Palembang: IDR30,349 (WD). Highest bid IDR29,260 – IKIN
Palm Kernel (PK)
- Franco Belawan: IDR14,010 – MM
(P3)
