InfoSAWIT, JAKARTA — Crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara (KPBN) were set at IDR 15,125 per kilogram on Monday (February 2, 2026), marking a decline of IDR 100/kg or 0.66% from Friday’s level of IDR 15,225/kg.

Based on information obtained by InfoSAWIT from KPBN, the CPO price for Franco Dumai delivery was fixed at IDR 15,125/kg.

Despite the marginal domestic correction, global crude palm oil prices have strengthened, reaching their highest level in more than three months. The rally has been supported by firmer prices of competing vegetable oils, expectations of lower production in key producing countries, and improving export prospects.

According to Platts, part of S&P Global Energy, Indonesia’s FOB CPO for February shipment was assessed at US$1,115 per metric ton (mt) on January 28. The price rose US$5/mt day-on-day and surged 4.45% month-on-month. The last time prices exceeded this level was on October 21, 2025, when they reached US$1,122.5/mt.

However, the price rally has dampened short-term buying interest, with several buyers opting to wait for clearer market direction.

“Buying interest has slowed due to higher prices,” said an India-based trader, adding that Indian buyers have yet to fully secure supplies for February and March. “Demand is expected to re-emerge once prices correct from current levels.”

Meanwhile, the price spread between February and March FOB Indonesia shipments widened to US$30/mt, with March cargoes assessed at US$1,145/mt.

“Indonesian prices have jumped amid anticipation of higher export taxes in March,” said an Indonesia-based exporter.

Platts also assessed CPO CFR West Coast India for February shipment at US$1,142.50/mt on January 28, up US$5/mt from the previous day and 3.63% higher on a monthly basis, reflecting stronger market sentiment across Asia.

KPBN Tender Prices (IDR/kg, excl. VAT) – Monday (Feb 2, 2026):
CPO –

Franco Dumai: IDR 15,125 (EUP)

(T2)