PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom edged lower on Monday (February 2, 2026), even as global palm oil prices continued to strengthen and hovered near their highest levels in more than three months.
KPBN set the CPO price at IDR 15,125 per kilogram, down IDR 100 per kilogram or 0.66% from the previous trading session on Friday (January 30, 2026), when prices stood at IDR 15,225 per kilogram. According to information obtained by Palmoilmagazine.com, the Franco Dumai CPO price was also fixed at IDR 15,125 per kilogram.
Despite the decline in domestic pricing, international CPO markets have shown renewed strength. Global palm oil prices recently climbed to their highest level in over three months, supported by rising prices of competing vegetable oils, expectations of lower output in major producing countries, and improving export prospects.
Also Read: Indonesia Raises February CPO Reference Price, Export Duty and Levy Increase
Platts, part of S&P Global Energy, assessed Indonesia’s FOB CPO price for February shipment at US$1,115 per metric ton (mt) on January 28. This marked an increase of US$5/mt from the previous day and represented a 4.45% month-on-month gain. The last time prices traded above this level was on October 21, 2025, when they reached US$1,122.5/mt.
However, the price rally has tempered short-term buying interest. Several buyers have opted to adopt a wait-and-see approach amid elevated price levels.
“Buying interest has declined as prices rise,” said a trader based in India. Nevertheless, he noted that Indian buyers have not fully secured supplies for February and March. “Demand is expected to return once prices correct from current levels,” he added.
Also Read: Minister Amran: Pupuk Kaltim Revamp Boosts Efficiency by 16%, Strengthens Indonesia’s Food Security
Meanwhile, the price spread between February and March FOB Indonesia shipments has widened to US$30/mt. For March shipment, CPO prices were assessed at US$1,145/mt.
“Indonesia’s prices have jumped on expectations of a tax increase in March,” said an Indonesia-based exporter.
On the demand side, Platts also assessed CPO CFR West Coast India for February delivery at US$1,142.50/mt on January 28, up US$5/mt from the previous day and 3.63% higher on a monthly basis, reflecting firmer market sentiment across Asia.
Overall, while KPBN Inacom prices experienced a short-term correction, broader market fundamentals continue to point toward a stronger palm oil price trend heading into the first quarter of 2026. (P2)
