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.
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)