CPO Prices at KPBN Inacom Drop 0.93% on Friday (Jan 17), Weekly Prices Fall 0.52%

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CPO Prices at KPBN Inacom Drop 0.93% on Friday (Jan 17), Weekly Prices Fall 0.52%. Photo by: Palm Oil Magazine

PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom experienced a withdrawal (WD) with the highest offer recorded at IDR 13,585/kg on Friday, January 17, 2025. This marks a decrease of 0.93% or approximately IDR 127/kg compared to the highest offer of IDR 13,712/kg on Thursday, January 16, 2025.

According to information from KPBN, CPO prices were set as follows: Franco Belawan, Kuala Tanjung, Dumai: IDR 13,585, Boom Baru: IDR 13,435 (WD). Highest offer: IDR 12,985, and Talang Duku: IDR 13,385.

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KPBN recorded a weekly price decline for CPO during the period of January 13–17, 2025, with prices averaging IDR 13,914.40/kg, a drop of 0.52% from IDR 13,987.40/kg during the previous week (January 6–10, 2025).

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Global Market Trends

Reuters reported that Malaysian palm oil futures fell for the fourth consecutive session on Friday, January 17, 2025. The market is also set to record its third consecutive weekly decline due to weak demand from India and falling vegetable oil prices on the Dalian Commodity Exchange.

The April 2025 palm oil futures contract on the Malaysia Derivatives Exchange dropped by 42 ringgit/ton (approximately 1%) to RM 4,144 (USD 921.09) per metric ton by midday. Earlier in the session, prices hit their lowest level in over three months, with a 4.67% weekly decline.

“India’s reduced imports are a major concern for the palm oil market, especially as competition intensifies with cheaper soybean and rapeseed oil, which attract greater demand,” said a Mumbai-based trader.

Decline in Indian Palm Oil Imports

India’s palm oil imports plummeted to their lowest level in nearly five years in January 2025. Negative refining margins and higher palm oil prices compared to other vegetable oils have pushed consumers toward more competitively priced soybean oil, according to government and industry officials. (P2)

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