PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices marketed through PT Kharisma Pemasaran Bersama Nusantara (KPBN Inacom) weakened on Tuesday (March 17, 2026), reflecting broader pressure in the global market.
KPBN set the CPO price at IDR 15,825 per kg, down by IDR 65 per kg or approximately 0.41% compared to Monday’s (March 16, 2026) level of IDR 15,890 per kg.
According to data obtained by Palmoilmagazine.com from KPBN Inacom, CPO prices for Franco Dumai and Kuala Tanjung were both recorded at IDR 15,825 per kg. Meanwhile, Franco Teluk Bayur stood at IDR 15,695 per kg, and FOB Talang Duku was set at IDR 15,625 per kg.
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For downstream products, CPKO prices at Franco Dumai reached IDR 32,775 per kg, while palm kernel (PK) prices at Franco Belawan were recorded at IDR 15,285 per kg.
The decline in domestic CPO prices mirrored the correction in the global market. Reuters reported that CPO futures on the Bursa Malaysia Derivatives Exchange fell by more than 1% on the same day, ending a four-day rally.
The benchmark June 2026 contract dropped by RM49 per ton, or about 1.05%, to RM4,605 per ton during the midday break.
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Market pressure was driven by movements in Chicago soyoil prices, along with uncertainty surrounding Indonesia’s strategic policies, particularly export tax revisions and the implementation of the B50 biodiesel mandate.
As a result, market participants remain cautious, awaiting clearer policy direction, which is expected to play a crucial role in shaping short- to medium-term CPO demand and price trends. (P3)
