PALMOILMAGAZINE, JAKARTA – Indonesia’s crude palm oil (CPO) price at the tender of PT Kharisma Pemasaran Bersama Nusantara (KPBN) continued its upward trend on Tuesday (March 31, 2026), reaching IDR 16,050 per kilogram. This marks an increase of IDR 200/kg or about 1.26% compared to the previous day’s level of IDR 15,850/kg.
According to data obtained by Palmoilmagazine.com from KPBN, the highest CPO price was recorded at Franco Dumai at IDR 16,050/kg, reflecting sustained strength in the domestic market toward the end of March.
In contrast, the global market showed a different trend. Trading on Bursa Malaysia Derivatives declined after posting gains over three consecutive sessions, as pressure from competing vegetable oils weighed on market sentiment.
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Reuters reported that the benchmark CPO futures contract for June 2026 delivery on the Malaysian exchange fell by 33 ringgit, or approximately 0.69%, to 4,739 ringgit per ton during the midday trading break.
Despite the daily correction, palm oil prices have maintained strong performance throughout March. Prices have surged around 18.75% over the month and are on track to record their best monthly performance since April 2022.
Market participants note that current CPO price volatility remains closely tied to movements in other global vegetable oils, particularly soybean oil and sunflower oil, which serve as key substitutes in the international market.
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Below are the KPBN tender results (IDR/kg, excluding VAT) for Tuesday (March 31, 2026):
- CPO
Franco Dumai: IDR 16,050/kg (AGM) - CPKO
Franco Dumai: IDR 34,125/kg (IBP) - PK
Franco Belawan: IDR 15,760/kg (MM)
With market conditions still fluctuating, industry players are advised to closely monitor global trends, which will remain a key factor influencing the direction of CPO prices going forward. (P3)
