InfoSAWIT, JAKARTA – The price of crude palm oil (CPO) offered through PT Kharisma Pemasaran Bersama Nusantara (KPBN) was set at Rp14,600 per kilogram on Tuesday (3/3/2026), marking an increase of Rp100/kg or about 0.69% compared with Rp14,500/kg recorded on Monday (2/3/2026).

According to data obtained by InfoSAWIT from KPBN, the Franco price in Dumai was set at Rp14,600/kg, while Franco Teluk Bayur was priced at Rp14,470/kg, and Loco Sei Tapung at Rp14,361/kg.

According to Reuters, crude palm oil futures on Bursa Malaysia Derivatives extended their rally for a third consecutive session on Tuesday (3/3/2026), closing at the highest level in nearly four weeks. The gains were supported by strength in rival vegetable oils on the Dalian and Chicago markets, rising global crude oil prices, and expectations of declining domestic stockpiles.

The benchmark May 2026 palm oil contract on Bursa Malaysia Derivatives rose RM39 per tonne, or 0.94%, to RM4,186 per metric tonne at the close of trade.

In China, the most active soybean oil contract on the Dalian Commodity Exchange climbed 1.16%, while palm oil futures in Dalian surged 1.6%. Meanwhile, soybean oil prices on the Chicago Board of Trade gained 1.34%.

A Reuters survey released Tuesday indicated that Malaysia’s palm oil inventories likely declined for the second consecutive month in February, reaching their lowest level in four months. Seasonal production declines were estimated to have outweighed slower export demand.

On the demand side, India’s palm oil imports rose 10.1% in February, reaching a six-month high. The increase was driven by wider price discounts for palm oil compared with rival vegetable oils, prompting refiners to boost purchases and cut sunflower oil imports.

However, cargo surveyor Intertek Testing Services and independent inspection firm AmSpec Agri Malaysia reported that Malaysia’s palm oil exports in February fell between 21.5% and 25.5%.

In energy markets, Brent crude oil futures reached their highest level since July 2024 as tensions escalated between the United States and Israel with Iran, raising concerns over potential supply disruptions around the Strait of Hormuz.

Higher crude oil prices typically support palm oil values by enhancing the appeal of palm-based biodiesel as an alternative energy source.

KPBN Tender (Rp/kg), Excluding VAT – Tuesday (3/3/2026):

CPO_____
Franco Dumai – Rp14,600 (KJA)
Franco Teluk Bayur – Rp14,470 (WIRA)
Loco Sei Tapung – Rp14,361 (AGM)
Loco Luwu – No Bidder

(T2)