InfoSAWIT, JAKARTA – Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) were set higher on Wednesday (Jan 21, 2026), reflecting renewed bullish sentiment in both domestic and regional markets.

KPBN priced CPO at IDR 14,690/kg on Wednesday, up IDR 140/kg or around 0.96% compared with Tuesday’s (Jan 20, 2026) level of IDR 14,550/kg.

Based on information obtained by InfoSAWIT from KPBN, CPO Franco Dumai was priced at IDR 14,690/kg, while CPO FOB Palembang was set at IDR 14,540/kg.

Meanwhile, Malaysian palm oil futures strengthened again on Wednesday, supported by market expectations of improving demand ahead of the Lunar New Year holiday.

According to Reuters, the benchmark April 2026 CPO contract on the Bursa Malaysia Derivatives Exchange rose RM38 per tonne, or 0.93%, to RM4,132 per tonne during the midday break.

Market participants viewed the price gain as aligned with projections of stronger buying in the coming weeks, as traders and manufacturers prepare for higher consumption during the festive season.

Positive sentiment was also backed by export estimates. Cargo surveyors projected that Malaysia’s exports of palm oil products for the period Jan 1–20 increased around 8.64% to 11.4% month-on-month.

In addition, gains in Malaysian palm oil were supported by firmer prices in competing vegetable oils. On the Dalian Commodity Exchange, the most active soyoil contract edged up 0.05%, while the palm oil contract advanced 1.24%. In the United States, soyoil on the Chicago Board of Trade (CBOT) increased 0.13%.

KPBN Tender (IDR/kg), excluding VAT – Wednesday (Jan 21, 2026):

CPO Franco Dumai: IDR 14,690 – EUP

CPO FOB Palembang: IDR 14,540 – MM
(T2)