PALMOILMAGAZINE, JAKARTA — The price of crude palm oil (CPO) set by PT Kharisma Pemasaran Bersama Nusantara (KPBN) reached IDR 15,655 per kg on Thursday (March 12, 2026). This represents an increase of IDR 280 per kg, or about 1.82 percent, compared with the price recorded on Wednesday (March 11, 2026) at IDR 15,375 per kg.
As quoted by Palmoilmagazine.com from InfoSAWIT, the KPBN CPO tender results (Rp/kg), excluding VAT, recorded several transactions across different delivery points on Thursday.
For Franco Dumai, the CPO price was set at IDR 15,655 per kg. Meanwhile, Franco Teluk Bayur recorded a price of IDR 15,525 per kg, while the FOB Talang Duku tender price stood at IDR 15,455 per kg.
In line with the domestic market trend, crude palm oil trading on the Malaysia Derivatives Exchange also posted gains on Thursday.
According to Bernama, CPO prices in Malaysia continued their upward trend as the rally in global crude oil prices strengthened sentiment in the vegetable oil market.
Higher global energy prices have improved the competitiveness of vegetable oils, particularly palm oil, which is widely used as a feedstock for biodiesel production. This development has boosted market optimism regarding the short-term outlook for CPO prices.
At the close of trading, the March 2026 CPO contract rose by RM40 to RM4,425 per ton. The April 2026 contract also gained RM40 to reach RM4,511 per ton.
Meanwhile, the August 2026 contract increased by RM40 to RM4,480 per ton, indicating that positive sentiment remains strong in the global palm oil market.
The strengthening of prices suggests that the global CPO market continues to receive support from external factors, particularly movements in global energy prices and the steady outlook for biodiesel demand in several countries. (P3)
