PALMOILMAGAZINE, JAKARTA — The price of crude palm oil (CPO) offered by PT Kharisma Pemasaran Bersama Nusantara (KPBN) recorded a withdraw (WD) on Thursday (October 16, 2025), with the highest bid standing at IDR14,533 per kilogram. This marked a decrease of IDR67/kg, or about 0.46%, compared to Wednesday’s price of IDR14,600/kg.
According to data obtained by Palmoilmagazine.com from KPBN, CPO Franco Belawan and Dumai opened at IDR14,625/kg but ended with a withdraw at the highest bid of IDR14,533/kg. Meanwhile, Teluk Bayur CPO opened at IDR14,495/kg, also resulting in a withdraw, with the top bid reaching IDR14,403/kg. No bidders were recorded for Loco Long Pinang.
For related commodities, Crude Palm Kernel Oil (CPKO) at Franco Dumai was withdrawn at IDR28,891/kg, with the highest bid at IDR28,375/kg. Palm Kernel (PK) at Franco Belawan was traded at IDR13,305/kg.
Global Market Under Pressure
As reported by Reuters, Malaysian palm oil futures remained under pressure on Thursday (October 16, 2025), weighed down by weaker demand from India and cheaper soybean oil prices in global markets.
The benchmark CPO contract for January 2026 delivery on the Bursa Malaysia Derivatives Exchange dropped RM13 per ton or 0.29% to RM4,499 per ton (US$1,064.85) at the midday break.
Data from the Solvent Extractors’ Association of India (SEA) showed that India’s palm oil imports in September fell to their lowest level since May, while soybean oil imports surged to a three-year high.
In the Dalian Commodity Exchange, the most active soybean oil contract slipped 0.05%, while palm oil futures declined 0.28%. Meanwhile, soybean oil prices on the Chicago Board of Trade (CBOT) rose 0.63%, further pressuring the palm oil market in Malaysia.
Market Outlook: Export Concerns Rise
This continued weakness has raised market concerns over palm oil export prospects in the fourth quarter of 2025. India remains one of the largest buyers of palm oil from Malaysia and Indonesia, and its slowing demand is likely to weigh on prices in the near term.
Analysts note that market recovery will depend on improved demand from major importers and price adjustments in competing vegetable oils. (P2)
