PALMOILMAGAZINE, JAKARTA — Trading of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) on Tuesday (November 4, 2025) ended with all offers withdrawn. The highest CPO bid reached IDR 13,833/kg, reflecting a slight decline of IDR 67/kg or about 0.48% compared to Monday’s price of IDR 13,900/kg.
According to KPBN’s official tender data, CPO Franco Dumai opened at IDR 13,911/kg before being withdrawn with the top bid at IDR 13,833/kg. Similarly, CPO Talang Duku opened at IDR 13,711/kg, with the highest offer at IDR 13,613/kg, and CPO Teluk Bayur opened at IDR 13,781/kg, before being withdrawn at IDR 13,576/kg.
While domestic prices experienced a mild correction, the Malaysian palm oil market showed a rebound after previously hitting a four-month low. As reported by Reuters, the benchmark CPO contract for January 2026 delivery on the Bursa Malaysia Derivatives Exchange rose RM 29 per ton, or 0.7%, closing at RM 4,144 per metric ton (around US$981.06).
Also Read: Indonesia Maintains Dominance in Palm Oil Exports to India and China Despite Value Decline
The uptick provided some relief following sharp declines last week, driven by high production levels and profit-taking activities among traders. Despite lingering pressure from fundamental factors such as supply growth, the market saw temporary support from improved buying sentiment and technical recovery.
Elsewhere, the movement of competing vegetable oils was mixed. The most active soyoil contract in Dalian remained flat, while palm oil futures in the same exchange slipped 0.85%. Meanwhile, soyoil prices on the Chicago Board of Trade (CBOT) dropped 0.38%, reflecting ongoing market uncertainty across the edible oil complex.
Also Read: Global Palm Oil Imports Reach US$42.3 Billion in 2024, India Leads as Top Buyer
Below is a summary of KPBN’s tender results (in IDR/kg, excluding VAT) on Tuesday (November 4, 2025):
CPO
- Franco Dumai: 13,911 (Withdrawn) – Highest bid: 13,833 (EUP)
- FOB Talang Duku: 13,711 (Withdrawn) – Highest bid: 13,613 (PRISCOLIN)
- Franco Teluk Bayur: 13,781 (Withdrawn) – Highest bid: 13,576 (WIRA)
CPKO
- Franco Dumai: 28,604 (Withdrawn) – Highest bid: 26,266 (KLKD)
- Loco Lampung: 28,530 (Withdrawn) – Highest bid: 24,875 (IKIN)
PK
- Franco Belawan: 12,400 (Withdrawn) – Highest bid: 12,165 (SMART)
Despite the slight decline in KPBN’s local tenders, analysts note that the global palm oil outlook remains cautiously optimistic, supported by potential export demand recovery and seasonal production adjustments in the coming months. (P2)
