Palm Oil Magazine - KPBN Inacom CPO Withdraw on Friday (10/10), Malaysia Palm Oil Market Ends Lower

PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) experienced a withdrawal (WD) on Friday (October 10, 2025), with the highest bid recorded at IDR 14,800/kg. This marked a decline of IDR 199/kg or around 1.33% compared to Thursday’s (October 9) price of IDR 14,999/kg.

According to information obtained by Palmoilmagazine.com from KPBN, CPO Franco Dumai opened at IDR 14,942/kg but ended with a withdrawal (WD) at the highest bid of IDR 14,800/kg. Meanwhile, CPO FOB Talang Duku opened at IDR 14,742/kg and also withdrew at IDR 14,595/kg.

Reuters reported that Malaysian palm oil futures posted their second consecutive weekly gain on Friday (October 10), despite a nearly 1% drop at the close. The market came under pressure due to higher-than-expected stockpiles, though sentiment remained supported by Indonesia’s upcoming B50 biodiesel mandate, which is expected to boost demand.

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The benchmark December 2025 CPO contract on the Bursa Malaysia Derivatives Exchange closed RM 45 lower or down 0.98% at RM 4,546 (US$1,076.74) per ton. On a weekly basis, however, it still recorded a 2.34% gain.

According to David Ng, a trader at Iceberg X Sdn Bhd in Kuala Lumpur, the latest report from the Malaysian Palm Oil Board (MPOB) was “bearish,” showing palm oil inventories higher than market expectations. MPOB data indicated that Malaysia’s palm oil stockpiles rose for the seventh straight month in September, reaching their highest level in nearly two years. The increase was attributed to higher imports amid weak domestic demand, even though production slightly declined.

Nevertheless, Indonesia’s plan to implement the B50 biodiesel program continues to provide optimism for the market. Ng noted that the policy acts as a “supporting factor” for palm oil prices amid fundamental pressures.

A day earlier, the Indonesian government announced it would begin implementing the 50% biodiesel blend (B50) in the second half of 2026. The program aims to reduce diesel imports and increase domestic CPO absoIDRtion by an estimated 5.3 million additional tons.

In the broader global vegetable oil market, the most active soybean oil contract on the Dalian Commodity Exchange edged up 0.1%, while palm oil contracts there fell 0.78%. Meanwhile, soybean oil prices on the Chicago Board of Trade (CBOT) slipped 0.77%.

CPO Price Summary (10 October 2025)