InfoSAWIT, JAKARTA – The price of crude palm oil (CPO) offered through PT Kharisma Pemasaran Bersama Nusantara (KPBN) increased to Rp14,500 per kilogram on Monday (2/3/2026), rising Rp100/kg or around 0.69% from Rp14,400/kg recorded on Friday (27/2/2026).

According to data obtained by InfoSAWIT from KPBN, the Franco price at Belawan, Kuala Tanjung, and Dumai was set at Rp14,500/kg, while FOB Talang Duku was priced at Rp14,300/kg and Loco Sei Tapung at Rp14,261/kg.

According to Bernama, palm oil futures on Bursa Malaysia Derivatives closed higher on Monday, supported by a surge in global crude oil prices amid escalating tensions between the United States and Iran.

The rally in crude oil strengthened sentiment in the vegetable oil market.

Vegetable Oils Gain Support from Energy Markets

Senior analyst at Fastmarkets Palm Oil Analytics, Sathia Varqa, noted that CPO futures climbed by more than RM100, following the sharp rise in crude oil prices driven by the escalating conflict in the Middle East.

Higher crude oil prices typically support vegetable oils because they increase the attractiveness of palm-based biodiesel as an alternative energy source.

At the close of trading:

March 2026 contract rose RM69 to RM4,058 per tonne

April 2026 increased RM102 to RM4,132 per tonne

May 2026 gained RM105 to RM4,147 per tonne

Meanwhile, June, July, and August 2026 contracts each rose RM104 to RM4,150, RM4,147, and RM4,142 per tonne, respectively.

Trading volume increased to 85,168 lots from 63,409 lots previously, while open interest declined to 224,728 contracts from 227,706 contracts.

Physical CPO prices for March delivery in the Southern region rose RM40 to RM4,090 per tonne. (T2)