PALMOILMAGAZINE, JAKARTA — Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) climbed again on Wednesday (April 1, 2026), reaching IDR 16,225/kg. The figure marks an increase of IDR 175/kg, or about 1.09%, compared to the previous trading level of IDR 16,050/kg.
Data obtained by Palmoilmagazine.com shows that the Franco Dumai CPO price was also set at IDR 16,225/kg. Meanwhile, palm kernel prices at Loco Tanjung Lebar were recorded as withdrawn (WD), with the highest bid reaching IDR 14,580/kg.
In the global market, CPO prices on the Bursa Malaysia Derivatives Exchange extended their rally for the fifth consecutive day. The upward trend is largely driven by positive sentiment surrounding Indonesia’s energy policy, particularly the implementation of the B50 biodiesel program, alongside stronger global crude oil prices.
Also Read: Indonesia Accelerates Biofuel and Bioethanol Drive to Strengthen Energy Independence
The benchmark CPO contract for June 2026 delivery rose by RM33 per ton, or approximately 0.68%, to RM4,861 per ton during the midday trading session.
Market optimism has been fueled by Indonesia’s plan to increase the mandatory palm-based biodiesel blending to 50% starting July 1, 2026, up from the current 40%. The policy is expected to significantly boost domestic demand for CPO.
Additional support came from stronger Malaysian palm oil exports throughout March. At the same time, a weaker ringgit and rising vegetable oil prices in China have further reinforced bullish sentiment in the global CPO market.
Also Read: Indonesia Sets CPO Reference Price for April 2026 at USD 989.63/MT, Export Duty Increases
Overall, the combination of supportive domestic policies and favorable international market dynamics continues to drive the upward trend in CPO prices, both in Indonesia and globally. (P3)
