PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices in both domestic and global markets moved higher on Monday (April 20, 2026), supported by a sharp rise in global crude oil prices and positive sentiment across the vegetable oil complex.
CPO prices set by PT Kharisma Pemasaran Bersama Nusantara (KPBN) reached IDR 15,195/kg, up by IDR 95/kg or about 0.63% compared to the highest offer price recorded on Friday (April 17, 2026) at IDR 15,100/kg.
Market data showed that the Franco Dumai CPO price was set at IDR 15,195/kg, while the FOB Talang Duku price stood at IDR 14,995/kg.
Also Read: Agrinas Palma Nusantara Advances Cooperative-Based Downstreaming for Smallholder Palm Oil
In the global market, CPO prices on Bursa Malaysia Derivatives also extended gains. Citing Reuters, the benchmark July 2026 contract rose by RM34 per ton, or about 0.76%, to RM4,484 per ton during the midday break.
The rally was further supported by improved sentiment in other vegetable oil markets. In China, the Dalian Commodity Exchange rebounded after previous weakness, with the most active soybean oil contract edging up 0.06% and palm oil contracts gaining 0.34%.
Meanwhile, on the Chicago Board of Trade, soybean oil prices climbed 0.81%, adding further support to global CPO prices.
Also Read: Indonesia Accelerates B50 and E20 Rollout to Strengthen Energy Independence
On the energy front, the surge in crude oil prices emerged as the main catalyst. Oil prices jumped more than 5% on the day, driven by market concerns over a potential breakdown in the ceasefire between the United States and Iran following the seizure of an Iranian cargo vessel by U.S. authorities.
These geopolitical tensions have also disrupted key global energy supply routes, particularly the Strait of Hormuz, one of the world’s most critical oil transit corridors.
Higher crude oil prices have increased the attractiveness of CPO as a biodiesel feedstock, boosting demand from the alternative energy sector and supporting prices in both international and domestic markets.
Also Read: Following Australia, India Shows Interest in Importing Indonesian Fertilizer Amid a National Surplus
With continued support from energy markets and strengthening rival vegetable oils, CPO prices are expected to remain stable to firm in the near term, although geopolitical risks and global market volatility remain key factors to watch. (P3)
