InfoSAWIT, JAKARTA – Indonesian crude palm oil (CPO) prices at PT Kharisma Pemasaran Bersama Nusantara inched higher on Friday (April 24), reflecting stronger sentiment across regional vegetable oil markets.

KPBN set its benchmark CPO price at Rp15,500 per kilogram, up Rp12/kg, or approximately 0.08 percent, compared with Thursday’s level of Rp15,488/kg.

According to market data received by InfoSAWIT, Franco Dumai CPO was fixed at Rp15,500/kg, while Loco Parindu opened at Rp15,150/kg but was later withdrawn after the highest bid reached only Rp14,931/kg.

Meanwhile, palm oil futures on the Bursa Malaysia Derivatives closed higher on Friday, posting their first weekly gain in three weeks, supported by firmer crude oil prices and a weaker ringgit.

According to Reuters, the benchmark July 2026 CPO futures contract rose RM16 per tonne, or 0.35 percent, to close at approximately US$1,159.77 per tonne, bringing weekly gains to 3.28 percent.

Further support came from projections by Malaysian Palm Oil Council, which expects CPO prices to remain above RM4,500 per tonne in the near term, backed by improved biodiesel economics, elevated crude oil prices, and potential weather disruptions linked to El Niño.

Despite the bullish outlook, competing vegetable oils traded mixed. Soybean oil futures on China’s Dalian exchange fell 1.04 percent, while Dalian palm oil futures slipped 0.37 percent. In contrast, soybean oil futures on the Chicago Board of Trade rose 0.53 percent.

The mixed performance suggests palm oil markets remain sensitive to broader commodity movements, weather risks, and global biodiesel demand dynamics. (T2)