InfoSAWIT, JAKARTA – Domestic CPO prices showed an upward trend on April 23, 2026, despite a weakening performance in the Malaysian futures market.

At KPBN, CPO prices were set at Rp15,488/kg, increasing by Rp76/kg or approximately 0.49% from the previous day.

The Franco Dumai price was recorded at Rp15,488/kg, while Loco Parindu opened at Rp15,138/kg before being withdrawn after the highest bid reached Rp14,963/kg.

In contrast, the Malaysian CPO market closed lower. According to Reuters, the benchmark July 2026 contract on the Bursa Malaysia Derivatives fell by RM49 per ton, or about 1.06%, to RM4,579 per ton.

The decline was attributed to profit-taking after three consecutive sessions of gains, as well as weaker palm olein prices in Dalian.

Meanwhile, soyoil prices showed mixed movements, with slight gains in Dalian and a decline in Chicago.

Market analysts noted that global vegetable oil competition remains a key factor influencing CPO prices. Additionally, Indonesia’s plan to increase the biodiesel mandate from B40 to B50 starting July 2026 could provide further support to domestic demand. (T2)