CPO Prices at KPBN Inacom Rise 0.53% on Friday (24/1), Weekly Decline Reaches 1.76%

CPO Prices at KPBN Inacom Rise 0.53% on Friday (24/1), Weekly Decline Reaches 1.76%. Photo by: Palm Oil Magazine

PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 13,605/kg on Friday (24/1/2025), marking a 0.53% increase, or approximately IDR 72/kg, compared to Thursday’s (23/1/2025) price of IDR 13,533/kg.

According to information obtained by Palmoilmagazine.com from KPBN, the CPO price at Franco Belawan & Dumai was set at IDR 13,605/kg, Talang Duku at IDR 13,405/kg, and Teluk Bayur at IDR 13,475/kg.

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However, on a weekly basis, KPBN’s CPO prices recorded a decline for the period of January 20-24, 2025, down by 1.76% to IDR 13,669.80/kg, or a decrease of IDR 244.60/kg compared to the previous week’s price of IDR 13,914.40/kg (January 13-17, 2025).

Also Read: CPO Prices Decline by 1% at KPBN Inacom, Malaysia Palm Oil Futures Weaken on Thursday (23/1/2025)

Meanwhile, according to Reuters, palm oil futures on the Malaysian Exchange fell for the third consecutive session on Friday (24/1/2025) and marked their second weekly decline amidst weaker prices of other vegetable oils.

The benchmark palm oil futures contract for April 2025 delivery on the Bursa Malaysia Derivatives Exchange dropped by RM 13 per ton, or approximately 0.31%, to RM 4,177 (USD 948.67) per metric ton by midday. The contract traded in a narrow range between RM 4,156 and RM 4,219 per ton in early trading and has declined by 0.31% for the week.

At the Sugar and Bioenergy Conference in Bangkok, industry analyst Dorab Mistry noted that Malaysian palm oil is expected to trade around RM 4,000 per metric ton in 2025 but could experience a brief spike to RM 4,800 per ton in February amidst tight competition with soybean oil.

Additionally, a Reuters poll suggested that Malaysian palm oil futures prices are expected to rise in 2025 compared to last year, driven by Indonesia’s increased consumption of palm oil-based biodiesel. However, competition from lower-priced soybean oil is likely to limit these gains.

The most active soybean oil contract on Dalian fell by 0.91%, while palm oil contracts dropped by 0.31%. On the Chicago Board of Trade, soybean oil prices fell by 0.97%.

Details of KPBN Tender Results (IDR/kg, excluding VAT) as of Friday (24/1/2025):

CPO:

  • Franco Belawan & Dumai: IDR 13,605-MM, IBP
  • FOB Talang Duku: IDR 13,405-MM
  • Franco Teluk Bayur: IDR 13,475-WIRA
  • Loco Palembang: IDR 13,455 (WD). Highest bid: IDR 13,358-SAP

CPKO:

  • Loco Lampung: IDR 23,044 (WD). Highest bid: IDR 19,000 (KLKD)
  • Loco Palembang: IDR 22,901 (WD). Highest bid: IDR 22,600-SAP

(P2)

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