KPBN CPO Price Rises to IDR15,375/kg as Malaysian Palm Oil Futures Strengthen on Global Vegetable Oil Rally on Wednesday (11/3)

PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) offered through PT Kharisma Pemasaran Bersama Nusantara (KPBN) was set at IDR15,375/kg on Wednesday (11/3/2026), marking an increase of IDR100/kg or about 0.65% compared to the highest bid recorded on Tuesday (10/3/2026) at IDR15,275/kg.

Based on information obtained by Palmoilmagazine.com from KPBN, the Franco Dumai CPO price was set at IDR15,375/kg, while Franco Teluk Bayur reached IDR15,245/kg. Meanwhile, the FOB Talang Duku price was recorded at IDR15,175/kg.

According to Reuters, crude palm oil futures on the Malaysian Derivatives Exchange also closed higher in Wednesday’s trading (12/3/2026), supported by gains in soybean oil prices on the Chicago market as well as a rebound in global crude oil prices.

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The benchmark May 2026 CPO futures contract on the Bursa Malaysia Derivatives Exchange rose RM71 per ton, or around 1.6%, to RM4,499 per ton at the close of trading. Earlier in the session, prices had briefly fallen to RM4,395 per ton before recovering.

The increase in palm oil prices was driven by stronger prices of competing vegetable oils in the global market. Soybean oil futures on the Chicago Board of Trade (CBOT) surged 3.11%, providing additional support to palm oil prices.

Meanwhile, the most active soyoil contract on the Dalian Commodity Exchange climbed 0.68%, after earlier slipping 0.19% during the morning session. Palm oil futures on the same exchange also gained 0.51%, recovering from a previous 0.25% decline.

Also Read: Indonesia Strengthens Mandatory ISPO as CPO Production Projected to Reach 48.12 Million Tons

On the physical market side, Malaysian palm oil exports recorded a significant jump in early March. Independent inspection company AmSpec Agri Malaysia reported that exports during the March 1–10 period surged 45.3% compared with shipments recorded between February 1–10.

Similarly, cargo surveyor Intertek Testing Services reported that Malaysian palm oil exports during the same period increased 37.9% compared to the previous month.

KPBN CPO Tender Results (IDR/kg, Excluding VAT) – Wednesday (11/3/2026):

• Franco Dumai: Rp15,375 – KJA
• Franco Teluk Bayur: IDR15,245 – WNI
• FOB Talang Duku: IDR15,175 – Priscolin

CPKO:

• Franco Dumai: IDR33,407 (WD) – Highest bid Rp31,810 (IBP)

(P2)