PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 14,157/kg on Tuesday (January 7, 2025), reflecting a 0.49% increase or a rise of IDR 69/kg compared to Monday’s (January 6, 2025) highest offering price of IDR 14,088/kg.
According to information obtained by Palmoilmagazine.com from KPBN Inacom, the CPO prices were as follows:
- Belawan & Dumai: IDR 14,157/kg
- Teluk Bayur: IDR 14,027/kg
- Talang Duku: IDR 13,957/kg
Meanwhile, Reuters reported that palm oil futures on the Malaysia Exchange traded within a narrow range on Tuesday (January 7, 2025) due to weaker soybean oil prices and sluggish export demand, which pressured the market.
The benchmark palm oil contract FCPOc3 for March 2025 delivery on the Bursa Malaysia Derivatives Exchange fell by RM 2 per metric ton, or about 0.05%, to RM 4,336 (US$ 962.49) per metric ton at midday. This followed a 0.69% decline in the previous session.
Elsewhere, the most active soybean oil contract on Dalian Commodity Exchange (DBYcv1) dropped 0.69%, while its palm oil counterpart (DCPcv1) fell 0.44%. On the Chicago Board of Trade, soybean oil futures (BOcv1) slid 0.62%. (P2)
