InfoSAWIT, JAKARTA – The price of crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at Rp13,600/kg on June 16, 2025, marking a 1.8% increase or approximately Rp240/kg compared to the CPO price on June 13, 2025, which was Rp13,360/kg.

According to information obtained by InfoSAWIT from KPBN, the CPO price for Franco Belawan & Dumai is also set at Rp13,600/kg. Meanwhile, as reported by Reuters, the price of crude palm oil (CPO) on the Malaysian Exchange recorded a third consecutive day of gains on June 16, 2025. This increase was driven by a surge in soybean prices in the global market after the United States proposed an increase in the blending quota for biofuels over the next two years, alongside a rally in crude oil prices due to geopolitical tensions in the Middle East.

The September futures contract for palm oil on the Malaysian Derivatives Exchange rose RM156 or 3.98% to RM4,078 per metric ton (approximately USD 961.79) during the midday trading break. This increase follows a spike in soybean prices on the Chicago Board of Trade (CBOT), which surged 4.51% after the U.S. government announced plans to raise biofuel blending quotas. This proposal reflects a growing demand for biomass-based biodiesel, especially amid ongoing energy transition efforts.

According to Darren Lim, a commodities analyst from the Singapore-based brokerage firm Phillip Nova, the rising global energy prices provide a dual boost to the palm oil market—on one hand, increasing production costs, and on the other, enhancing the potential demand as a raw material for biofuels, which serve as an alternative to fossil fuels.

Not only in Chicago, but gains were also observed in the Chinese market. The most active soyoil contract in Dalian rose 2.57%, while palm oil contracts on the same exchange strengthened by 3.76%.

Here are the details of the KPBN Tender results (Rp./Kg), Excld VAT for the period of June 16, 2025:

CPO_____

Franco Belawan & Dumai Rp13,600-MM, IBP

(T2)