CPO Prices at KPBN Inacom Rose Slightly on Friday (October 17), while the Malaysian Exchange Closed Lower.

PALMOILMAGAZINE, JAKARTA — The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) remained in withdraw (WD) status on Friday (October 17, 2025), with the highest bid recorded at IDR 14,602/kg. This marks an increase of IDR 69/kg, or around 0.47%, compared to Thursday’s (October 16) highest bid of IDR 14,533/kg.

According to information obtained by Palmoilmagazine.com from KPBN, CPO Franco Belawan & Dumai opened at IDR 14,625/kg, but went into WD with the highest bid at IDR 14,602/kg. Meanwhile, CPO Teluk Bayur opened at IDR 14,495/kg and was also withdrawn, with the highest bid at IDR 14,365/kg.

On the global front, Reuters reported that Malaysian palm oil futures closed lower on Friday (October 17), ending a two-week rally. The decline was primarily driven by weaker global crude oil prices, which dampened market sentiment and reduced the attractiveness of palm oil as a feedstock for biodiesel.

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The benchmark CPO contract for January 2026 delivery on the Bursa Malaysia Derivatives Exchange fell by RM 6 per ton, or 0.13%, to RM 4,514 (USD 1,068.66) per ton at the close. On a weekly basis, palm oil futures recorded a decline of 0.68%.

Global crude oil prices continued to edge lower, with potential weekly losses of around 3%, following the International Energy Agency (IEA) forecast of an oversupplied market. Market uncertainty was further heightened by reports of a planned follow-up meeting between U.S. President Donald Trump and Russian President Vladimir Putin to discuss the situation in Ukraine.

Falling crude oil prices typically weaken demand for palm oil, as both commodities are closely linked in biodiesel production. When crude oil becomes cheaper, incentives for blending with bio-based fuels such as palm oil tend to diminish.

In related markets, the most active soyoil contract on the Dalian Commodity Exchange rose slightly by 0.05%, while the palm oil contract on the same exchange dropped 0.19%. Meanwhile, soyoil prices on the Chicago Board of Trade (CBOT) fell 0.49%, reflecting similar downward pressure across the global vegetable oil market.

CPO Price Summary:

• Franco Belawan & Dumai: Opened at IDR 14,625 (WD). Highest bid: IDR 14,602 (EOP, EUP)
• Franco Teluk Bayur: Opened at IDR 14,495 (WD). Highest bid: IDR 14,365 (WIRA)

(P2)