Palmoilmagazine, Jakarta – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was recorded at IDR 13,895/kg on Friday, January 10, 2025. This marks a 0.77% increase, or approximately IDR 106/kg, compared to the highest offer price on Thursday, January 9, 2025, which stood at IDR 13,789/kg.
According to KPBN, the price of CPO at Franco Dumai was set at IDR 13,895/kg, at Teluk Bayur at IDR 13,765/kg, and at Talang Duku at IDR 13,695/kg.
In the Malaysian market, palm oil futures saw a slight increase on Friday, tracking gains in soybean oil prices on the Chicago Board of Trade. However, weekly prices are heading for a second consecutive decline.
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Benchmark palm oil futures (FCPOc3) for March 2025 delivery on the Bursa Malaysia Derivatives Exchange rose by RM 45 per ton (around 1.05%) to RM 4,341 (USD 966.17) per metric ton at midday. Despite this, the contract price has declined by 0.89% over the week.
Soybean oil futures on Dalian DBYcv1 rose by 0.19%, while palm oil contracts DCPcv1 dropped by 0.33%. Meanwhile, soybean oil prices on the Chicago Board of Trade (BOcv1) increased by 2.64%.
Detailed results of KPBN’s tender (in IDR/kg, excluding VAT) for Friday, January 10, 2025:
CPO
- Franco Dumai: IDR 13,895-PAA
- Franco Teluk Bayur: IDR 13,765-WIRA
- FOB Talang Duku: IDR 13,695-PHPO
CPKO
- Loco Palembang: IDR 24,402 (WD). Highest bid: IDR 23,200-IKIN. (P2)
