PALMOILMAGAZINE, JAKARTA – Indonesia’s crude palm oil (CPO) prices posted a modest increase in midweek trading, supported by continued strength in the global market. Based on pricing set by PT Kharisma Pemasaran Bersama Nusantara (KPBN), CPO was recorded at IDR 15,412 per kilogram on Wednesday (April 22, 2026), rising by IDR 162/kg or approximately 1.06% compared to Tuesday’s level of IDR 15,250/kg.
Data compiled by Palmoilmagazine.com from KPBN Inacom showed that Franco Dumai CPO was set at IDR 15,412/kg. Meanwhile, Loco Parindu opened at IDR 15,062/kg, but trading activity did not continue through the close, ending in a withdrawal (WD) after the highest bid reached only IDR 14,887/kg.
In the global market, CPO prices also maintained an upward trajectory. Trading on the Bursa Malaysia Derivatives recorded a third consecutive day of gains on the same day, largely driven by rising prices of competing vegetable oils, particularly soybean oil.
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According to Reuters, the benchmark July 2026 CPO futures contract climbed RM38 per ton, or about 0.83%, to RM4,597 per ton during the midday session. This extended the positive trend after prices had already advanced roughly 2.45% over the previous two trading sessions.
Movements in the global vegetable oil market remained a key driver. On the Dalian Commodity Exchange, soybean oil prices rose by around 1.3%, while palm oil futures on the same exchange surged as much as 2.16%. Meanwhile, soybean oil prices on the Chicago Board of Trade also posted slight gains.
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Despite the ongoing rally, market participants continue to monitor the risk of rising production, which could limit further price increases in the near term. As major producing countries enter peak harvesting periods, higher supply levels may put pressure on CPO prices going forward. (P3)
