PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) rose on Monday (March 16, 2026), with the benchmark price set at IDR 15,890 per kilogram. The figure represents an increase of IDR 390 per kilogram, or about 2.52%, compared with the highest offer price recorded on Friday (March 13, 2026), which stood at IDR 15,500 per kilogram.
According to data obtained by Palmoilmagazine.com from KPBN, the CPO price for Franco Dumai was set at IDR 15,890 per kilogram, while the FOB Talang Duku price was recorded at IDR 15,690 per kilogram.
Meanwhile, the CPO price for Loco Sei Tapung opened at IDR 15,652 per kilogram but was later withdrawn (WD), with the highest bid reaching IDR 15,371 per kilogram.
Global CPO prices also showed a positive trend. According to Reuters, crude palm oil futures on the Bursa Malaysia Derivatives Exchange strengthened again on Monday (March 16, 2026), marking the fourth consecutive session of gains.
The benchmark June 2026 CPO contract on Bursa Malaysia rose by RM85 per ton, or approximately 1.86%, reaching RM4,657 per ton during the midday trading break.
Market participants said the rally was largely driven by a surge in palm olein prices on the Dalian Commodity Exchange, alongside rising global crude oil prices that supported sentiment across the vegetable oil market.
Also Read: Indonesia Palm Oil Farmers Reject 12.5% CPO Export Levy Hike, Warn of IDR 1.2 Trillion Annual Loss
During the morning trading session in Asia, palm olein futures on the Dalian exchange even climbed to their highest level since June 2022. (P3)
