PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) price at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at Rp 13,816/kg on Tuesday (21/1/2025), marking a 0.66% increase or about Rp 91/kg compared to Monday’s (20/1/2025) price of Rp 13,725/kg.
According to information obtained by Palmoilmagazine.com from KPBN, CPO prices for Franco Belawan and Dumai were set at Rp 13,816/kg, while prices in Talang Duku were Rp 13,616/kg.
Meanwhile, as reported by Reuters, palm oil futures prices on the Malaysia Exchange rose for the third consecutive session on Tuesday (21/1/2025), supported by stronger vegetable oil prices on the Dalian and Chicago exchanges, although gains were capped by declining exports.
Also Read: CPO Prices Rise at KPBN Inacom by 1.03% on Monday, January 20, 2025
The benchmark palm oil contract FCPOc3 for April 2025 delivery on the Malaysia Derivatives Exchange rose by RM 46 per metric ton, or approximately 1.09%, to RM 4,252 (US$ 950.81) per metric ton by midday.
In comparison, the most active soyoil contract on Dalian DBYcv1 rose 1.02%, while palm oil contracts DCPcv1 increased by 0.52%. On the Chicago Board of Trade, soyoil BOc2 gained 0.2%.
Here are the details of KPBN’s tender results (Rp./kg, excluding VAT) for the period of Tuesday (21/1/2025):
CPO:
- Franco Belawan & Dumai: Rp 13,816 (ACI, AGM)
- FOB Talang Duku: Rp 13,616 (AGM)
- Franco Teluk Bayur: Rp 13,686 (WD). Highest bid: Rp 13,622 (WIRA)
- Loco Palembang: Rp 13,666 (WD). Highest bid: Rp 13,455 (SAP)
CPKO:
- Belawan: Rp 24,250 (SMART)
- Palembang: Rp 23,579 (IKIN).
(P2)
