InfoSAWIT, JAKARTA – The crude palm oil (CPO) price set by PT Kharisma Pemasaran Bersama Nusantara (KPBN) rose to Rp14,800 per kilogram on Thursday (5 March 2026), increasing Rp100/kg or around 0.69% compared to Rp14,700/kg recorded a day earlier.

According to information obtained by InfoSAWIT from KPBN, the Franco Belawan & Dumai CPO price was set at Rp14,800/kg, while Franco Teluk Bayur was set at Rp14,670/kg.

Meanwhile, the Loco Luwu price opened at Rp14,361/kg, but the tender was withdrawn (WD), with the highest bid recorded at Rp10,000/kg.

According to Bernama, CPO futures on the Bursa Malaysia Derivatives Exchange closed higher on the same day, supported by stronger global crude oil prices amid rising geopolitical tensions between the United States and Iran.

Senior Analyst at Fastmarkets Palm Oil Analytics, Sathia Varqa, said the combination of stronger crude oil and soybean oil prices served as key catalysts for the rise in palm oil prices.

“The increase in palm oil prices is also supported by market optimism over a potential decline in Malaysia’s palm oil stocks at the end of February,” he said, as quoted by Bernama.

At the close of trading, the March 2026 and April 2026 contracts each rose RM25 to RM4,096 and RM4,180 per ton, respectively. The May 2026 contract gained RM28 to RM4,207 per ton.

The June and July 2026 contracts each rose RM29 to RM4,218 and RM4,217 per ton, while the August 2026 contract added RM28 to RM4,208 per ton.

Trading volume increased to 127,102 lots, compared to 76,192 lots on Wednesday, although open interest declined to 218,820 contracts from 221,298 contracts previously.

Meanwhile, the physical CPO price for March delivery in South Malaysia increased RM20 to RM4,120 per ton.

KPBN Tender (Rp/kg), Excluding VAT – Thursday (5 March 2026):

CPO_____
Franco Belawan & Dumai Rp14,800 – EOP, WNI
Franco Teluk Bayur Rp14,670 – WNI
Loco Luwu Rp14,300 (WD), highest bid Rp10,000 – MPR

(T2)