PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) price at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at Rp 13,670/kg on Wednesday (22/1/2025), marking a 1.06% decrease or a drop of Rp 146/kg compared to Tuesday’s (21/1/2025) price of Rp 13,816/kg.
According to information obtained by Palmoilmagazine.com from KPBN, CPO prices for Franco Belawan, Kuala Tanjung, and Dumai were set at Rp 13,670/kg. In Talang Duku, the price was Rp 13,470/kg, while in Teluk Bayur, it was Rp 13,540/kg.
Meanwhile, as reported by Reuters, Malaysian palm oil futures ended their three-session price rally on Wednesday (22/1/2025), weighed down by weak export demand data from cargo surveyors and a stronger Malaysian ringgit.
Also Read: KPBN CPO Prices Rise 0.66% on January 21, 2025, Malaysian Futures Continue Upward Trend
The benchmark palm oil contract for April 2025 delivery on the Malaysia Derivatives Exchange fell by RM 46 per metric ton, or approximately 1.08%, to RM 4,214 (US$ 948.46) per metric ton by midday.
Data from cargo surveyors Intertek Testing Services and independent inspection company AmSpec Agri Malaysia indicated that Malaysia’s palm oil product exports for January 1-20 were estimated to drop by 18.2% to 23%. Additionally, the Malaysian ringgit, the trading currency for palm oil, strengthened by 0.74% against the US dollar, making palm oil less attractive for foreign currency holders.
The most active Dalian soybean oil contract rose 0.16%, while its palm oil contract declined by 0.47%. On the Chicago Board of Trade, soybean oil prices edged up by 0.09%.
Here are the details of KPBN’s tender results (Rp./kg, excluding VAT) for Wednesday (22/1/2025):
CPO:
- Franco Belawan, Kuala Tanjung & Dumai: Rp 13,670 (EOP, UOCI, EUP)
- FOB Talang Duku: Rp 13,470 (PSCOI)
- Franco Teluk Bayur: Rp 13,540 (WNI)
- Loco Palembang: Rp 13,520 (WD). Highest bid: Rp 13,403 (SDS)
CPKO: Loco Palembang: Rp 23,762 (WD). Highest bid: Rp 22,850 (SAP)
(P2)