PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices set by PT Kharisma Pemasaran Bersama Nusantara (KPBN) posted a slight increase on Friday (April 24, 2026), in line with strengthening global market conditions.
KPBN recorded CPO prices at IDR 15,500/kg, up by IDR 12/kg or around 0.08% compared to IDR 15,488/kg on Thursday (April 23, 2026). The uptick signals improving sentiment in the palm oil market after recent fluctuations.
According to data obtained Palmoilmagazine.com from KPBN, the Franco Dumai CPO price was set at IDR 15,500/kg. Meanwhile, the Loco Parindu price opened at IDR 15,150/kg but ended in a withdrawal (WD), with the highest bid reaching IDR 14,931/kg.
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In the global market, CPO prices on the Bursa Malaysia Derivatives also closed higher on the same day, marking the first weekly gain in three weeks. The rebound was supported by rising global crude oil prices and a weaker Malaysian ringgit.
As reported by Reuters, the benchmark CPO futures contract for July 2026 delivery rose by RM16 per ton, or approximately 0.35%, to close at US$1,159.77 per ton. On a weekly basis, the contract gained 3.28%, reflecting a recovery in market sentiment.
From an outlook perspective, the Malaysian Palm Oil Council (MPOC) expects CPO prices to remain above RM4,500 per ton in the near term. This outlook is supported by improving biodiesel economics, elevated global energy prices, and potential supply disruptions linked to the El Niño weather phenomenon.
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Meanwhile, other vegetable oil markets showed mixed movements. On China’s Dalian exchange, the most active soybean oil contract fell by 1.04%, while palm oil futures declined by 0.37%. In contrast, soybean oil prices on the Chicago Board of Trade edged up by 0.53%.
Overall, the modest rise in CPO prices reflects a balance between positive external drivers and ongoing volatility in global commodity markets. (P3)
