InfoSAWIT, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) was withdrawn (WD) on Friday (9/12/2025) with the highest bid reaching Rp14,478/kg. This marks a decline of Rp62/Kg, or approximately 0.43%, compared to the highest CPO price of Rp14,540/Kg on Thursday (9/11/2025).

According to information obtained by InfoSAWIT from KPBN, the CPO Franco Dumai price opened at Rp14,525/Kg but was withdrawn, with the highest bid at Rp14,478/kg. The Loco Pelaihari price opened at Rp13,971/Kg but was also withdrawn, with the highest bid reaching Rp13,414/kg.

Meanwhile, Reuters reported that palm oil futures on the Malaysian exchange closed lower on Friday, recording a slight weekly loss. The pressure came from profit-taking ahead of a long holiday, a stronger ringgit, and weak export demand.

The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange fell by 9 ringgit, or 0.2%, to 4,445 ringgit (US$1,058.33) per ton at the close. On a weekly basis, the contract was down 0.07%.

On a different note, the Minister of Energy and Mineral Resources, Bahlil Lahadalia, revealed the possibility of increasing the biodiesel blend mandate to 45% (B45) before eventually moving to B50. On the same day, the government also handed over 674,178 hectares of palm oil plantations to the state-owned enterprise Agrinas Palma Nusantara, bringing the company's total managed concessions to 1.5 million hectares.

A Kuala Lumpur-based trader noted that the market is currently engaging in profit-taking after a previous rally. Other factors include the weakening of vegetable oil contracts on the Dalian exchange, high supply data from the Malaysian Palm Oil Board (MPOB), slowing exports, and the market closure on September 15–16 for a national holiday.

Recent MPOB data shows that Malaysian palm oil stocks at the end of August surged to their highest level in the last 20 months. Meanwhile, according to cargo surveyor reports, Malaysian palm oil product exports for September 1–10 were down between 1.2% and 8.4% compared to the same period last month.

Despite this, vegetable oil prices on other exchanges showed positive movement. The most active soybean oil and palm oil contracts on Dalian rose by 0.36% and 0.24% respectively, while soybean oil prices on the Chicago Board of Trade gained 0.25%.

Here are the details of the KPBN Tender results (Rp./Kg), excluding VAT, for Friday (9/12/2025):

CPO_____

Franco Dumai: Rp14,525 (WD). Highest bid was Rp14,478-EUP

Loco Pelaihari: Rp13,971 (WD). Highest bid was Rp13,414-WNI

Loco Long Pinang: No Bidder

CPKO_____

Loco Palembang: Rp31,551 (WD). Highest bid was Rp29,310-IKIN

Loco Lampung: Rp31,721 (WD). Highest bid was Rp28,910-IKIN

PK_____

Loco Solok Selatan: Rp13,446-UIP

Loco Ophir: Rp13,570-UIP

(T2)