CPO Prices at KPBN Inacom Withdraw on Wednesday (Jan 15), Malaysian Palm Oil Market Weakens

Palm Oil Magazine
CPO Prices at KPBN Inacom Withdraw on Wednesday (Jan 15), Malaysian Palm Oil Market Weakens Photo by: Palm Oil Magazine

PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom faced a Withdraw (WD) situation, with the highest offer recorded at IDR 13,881/kg on Wednesday, January 15, 2025. This marks a 2.16% decline, equivalent to a drop of IDR 307/kg, compared to Tuesday’s price of IDR 14,188/kg (January 14, 2025).

According to information from KPBN, the CPO prices at Franco Belawan & Dumai opened at IDR 14,000/kg but later faced a Withdraw (WD) with the highest bid recorded at IDR 13,881/kg.

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Meanwhile, Reuters reported that Malaysian palm oil futures extended their decline on Wednesday (Jan 15, 2025), following a drop in soybean oil prices on the Chicago Board of Trade and subdued new demand.

Also Read: CPO Price at Inacom KPBN Fell Slightly on Tuesday (14/1)

The benchmark FCPOc3 March 2025 palm oil futures on the Malaysian Derivatives Exchange fell by MYR 49 per ton, or approximately 1.1%, settling at MYR 4,388 (USD 974.25) per metric ton at the midday break.

  • Soybean oil prices on the Chicago Board of Trade (BOcv1) fell 0.3%.
  • Dalian’s most active soybean oil contract (DBYcv1) rose 0.21%, while palm oil prices (DCPcv1) fell 1.38%.

KPBN Tender Results (IDR/kg, Excluding VAT) for Wednesday (Jan 15, 2025):

CPO

  • Franco Belawan & Dumai: IDR 14,000 (WD). Highest bid: IDR 13,881-MM, IBP
  • Loco Sei Tapung: IDR 13,761 (WD). Highest bid: IDR 13,575-WNI
  • Franco Teluk Bayur: IDR 13,870 (WD). Highest bid: IDR 13,751-WIRA
  • FOB Talang Duku: IDR 13,800 (WD). Highest bid: IDR 13,681-MM
  • Loco Palembang: IDR 13,850 (WD). Highest bid: IDR 13,485-SAP

CPKO

  • Loco Lampung: IDR 24,557 (WD). Highest bid: IDR 20,000-KLKD
  • Loco Palembang: IDR 24,414 (WD). Highest bid: IDR 23,625-IKIN

(T2)

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