PALMOILMAGAZINE, JAKARTA — Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) edged lower on Tuesday (December 16, 2025), reflecting mounting pressure from the global vegetable oil market and weaker regional export performance.
KPBN Inacom set the CPO price at IDR 14,215 per kg, marking a decline of IDR 35 per kg, or about 0.25%, from IDR 14,250 per kg recorded on Monday (December 15, 2025). According to information obtained by Palmoilmagazine.com, Franco Dumai CPO was fixed at IDR 14,215 per kg, while Loco Pelahari opened at IDR 13,661 per kg but was withdrawn (WD). The highest bid at Pelahari reached IDR 13,167 per kg.
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Meanwhile, Bloomberg reported that Malaysian palm oil futures came under renewed pressure, slipping below RM 4,000 per ton to their lowest level in nearly three weeks. The downturn followed weaker global soybean oil prices and soft Malaysian export performance in the first half of December.
Soybean oil remains the primary source of pressure, given its role as palm oil’s closest competitor in food and energy markets. On Monday, soybean oil prices fell 1.2%, extending a three-day losing streak. Soybean prices also declined by up to 0.9%, touching their lowest level in more than six weeks.
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Market participants are closely monitoring demand signals from China, particularly the country’s commitment to purchase around 12 million tons of U.S. soybeans by year-end. Uncertainty surrounding the realization of this target has kept the vegetable oil market cautious and biased to the downside.
Beyond external factors, palm oil prices have also been weighed down by weak physical demand. Data from Intertek Testing Services showed that Malaysia’s palm oil exports during December 1–15 fell by around 16% month-on-month, reinforcing bearish sentiment. The decline is significant, given Malaysia’s position as one of the world’s largest palm oil producers and exporters.
KPBN Tender Results (IDR/kg, excl. VAT) — Tuesday, December 16, 2025:
Crude Palm Oil (CPO):
- Franco Dumai: IDR 14,215 — KJA
- Loco Pelahari: IDR 13,661 (WD); highest bid IDR 13,167 — WNI
Crude Palm Kernel Oil (CPKO):
- Franco Dumai: IDR 24,200 — WNI
- Loco Palembang: IDR 23,722 — SAP
Palm Kernel (PK):
- Franco Belawan: IDR 11,275 — MM
(P2)
