InfoSAWIT, JAKARTA — Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) were set at Rp14,285/kg on Tuesday (23/12/2025). This marks an increase of Rp70/kg, or about 0.49%, compared with Monday (22/12/2025), when prices stood at Rp14,215/kg.

Based on information obtained by InfoSAWIT from KPBN, the CPO price for Franco Dumai was set at Rp14,285/kg. The FOB Franco Talang Duku price was Rp14,085/kg, while FOB Franco Teluk Bayur was Rp14,155/kg. CPO FOB East Kalimantan (Kaltim) opened at Rp13,885/kg; however, the tender was withdrawn (WD), with the highest bid recorded at Rp13,600/kg.

For information, KPBN’s CPO tender will be suspended during the Christmas and New Year holidays starting 24 December 2025 and will resume on 5 January 2026, in accordance with Letter No. 21/KPBN/X/09/XII/2025.

Meanwhile, as reported by Reuters, crude palm oil (CPO) futures prices on the Bursa Malaysia strengthened for a second consecutive session on Tuesday (23/12/2025), supported by firmer global soybean oil prices and improving demand from China. The positive sentiment encouraged market participants to re-enter the market after relatively volatile price movements in recent weeks.

The benchmark palm oil contract for March 2026 delivery on the Bursa Malaysia Derivatives Exchange rose by RM16 per ton, or 0.4%, to RM4,001 per metric ton by the midday break.

The price increase was mainly underpinned by gains in other vegetable oil markets. In China, the most-active soybean oil contract on the Dalian Commodity Exchange rose 0.39%, while palm oil futures jumped 1.56%. In contrast, soybean oil prices on the Chicago Board of Trade declined by 0.51%.

Palm oil prices often track movements in rival vegetable oils, as the commodity competes closely for market share in the global vegetable oils market. In addition, relatively steady global crude oil prices—after rising more than 2% in the previous session—also provided support. Concerns over potential supply disruptions increased following statements from the United States regarding the possible sale of seized Venezuelan crude oil, as well as Ukraine’s attacks on Russian vessels and port facilities.

Export data, meanwhile, painted a mixed picture. Cargo surveyor Intertek Testing Services estimated that exports of Malaysian palm oil products during December 1–20 rose 2.4% compared with the previous month. However, estimates from AmSpec Agri Malaysia showed a decline of 0.87%.

KPBN Tender Prices (Rp/kg), Excluding VAT, Tuesday (23/12/2025):

CPO_____

Franco Dumai: Rp14,285 – IBP

FOB Talang Duku: Rp14,085 – MM

Franco Teluk Bayur: Rp14,155 – WIRA

FOB East Kalimantan: Rp13,885 (WD), highest bid Rp13,600 – EUP

FOB South Kalimantan: Rp13,885 (WD), highest bid Rp13,177 – WNI

CPKO_____

Franco Dumai: Rp24,880 – EUP

PK_____

Franco Belawan: Rp11,510 – MM

(T2)