PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) were set at Rp 14,600 per kg on Tuesday (March 3, 2026), marking an increase of Rp 100 per kg or approximately 0.69% compared to Rp 14,500 per kg recorded on Monday (March 2, 2026).
Based on data obtained by Palmoilmagazine.com from KPBN, the Franco Dumai CPO price was fixed at Rp 14,600 per kg, while Franco Teluk Bayur was set at Rp 14,470 per kg. Meanwhile, the Loco Sei Tapung price stood at Rp 14,361 per kg.
In the global market, Reuters reported that CPO futures on Bursa Malaysia Derivatives extended their rally for a third consecutive session on Tuesday, closing at their highest level in nearly four weeks. The gains were supported by stronger rival vegetable oil prices on the Dalian and Chicago exchanges, rising global crude oil prices, and expectations of lower domestic inventories.
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The benchmark May 2026 CPO contract on Bursa Malaysia Derivatives climbed RM39 per ton, or 0.94%, to settle at RM4,186 per metric ton at the close of trade.
In China, the most active soybean oil contract on the Dalian Commodity Exchange rose 1.16%, while its palm oil contract jumped 1.6%. Meanwhile, soybean oil futures on the Chicago Board of Trade strengthened by 1.34%.
A Reuters survey released Tuesday indicated that Malaysia’s palm oil inventories in February are expected to decline for a second straight month, reaching their lowest level in four months. The seasonal drop in production is projected to outweigh the slowdown in exports.
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On the demand side, India’s palm oil imports rose 10.1% in February to a six-month high. The increase was driven by widening price discounts for palm oil compared to competing vegetable oils, prompting refiners to ramp up purchases and cut sunflower oil imports.
However, cargo surveyor Intertek Testing Services and independent inspection firm AmSpec Agri Malaysia reported that Malaysia’s palm oil product exports in February fell between 21.5% and 25.5%.
From the energy market, Brent crude oil futures reached their highest level since July 2024. Escalating tensions involving the United States and Israel with Iran, along with threats to shipping routes in the Strait of Hormuz, heightened concerns over potential supply disruptions in the Middle East.
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Higher crude oil prices typically lend support to CPO, as they improve the competitiveness of palm-based biodiesel as an alternative energy source.
KPBN Tender (IDR/kg), Excl. VAT – Tuesday (March 3, 2026):
- CPO Franco Dumai: IDR 14,600 – KJA
- CPO Franco Teluk Bayur: IDR 14,470 – WIRA
- CPO Loco Sei Tapung: IDR 14,361 – AGM
(P2)
