PALMOILMAGAZINE, Jakarta – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 14,188/kg on Tuesday (14/1/2025). This marks a slight decrease of 0.13% or approximately IDR 18/kg compared to Monday’s (13/1/2025) price of IDR 14,206/kg.
According to KPBN, the price for CPO Franco Belawan and Dumai was recorded at IDR 14,188/kg.
Meanwhile, Reuters reported a decline in Malaysian palm oil futures on Tuesday (14/1/2025), as investors booked profits following two consecutive sessions of sharp gains driven by lower palm oil stock levels and rising crude oil prices.
The March 2025 palm oil futures contract (FCPOc3) on the Bursa Malaysia Derivatives Exchange fell by MYR 4 per ton (down 0.09%) to MYR 4,496 (USD 999.11) per metric ton at the midday break.
Data from the Malaysian Palm Oil Board shows palm oil stocks in Malaysia decreased for the third consecutive month in December 2024, falling 6.91% to 1.71 million metric tons. Crude palm oil production declined by 8.3%, and exports dropped by 9.97%.
Cargo surveyors estimated that Malaysia’s palm oil exports fell between 21.4% and 26.8% during January 1–10 compared to the previous month.
In related markets, soybean oil prices on the Chicago Board of Trade (BOcv1) dropped 0.57%. In contrast, the most active soybean oil (DBYcv1) and palm oil (DCPcv1) contracts on the Dalian Commodity Exchange rose by 1.51% and 0.71%, respectively.
KPBN Tender Results (IDR/kg, Excluding VAT) for Tuesday (14/1/2025):
CPO:
- Franco Belawan & Dumai: IDR 14,188-MM, IBP, AGM
- Loco Sei Tapung: IDR 13,949 (WD), Highest Bid: IDR 13,825-WNI
- Loco Palembang: IDR 14,038 (WD), Highest Bid: IDR 13,662-SAP
CPKO:
- Belawan: IDR 24,551-UNILEVER
- Loco Palembang: IDR 24,187 (WD), Highest Bid: IDR 23,735-IKIN
(P2)