PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 13,750/kg on Thursday (Jan 30, 2025). This marks a 0.53% increase, equivalent to IDR 145/kg, compared to the previous price of IDR 13,605/kg on Friday (Jan 24, 2025).
According to information from KPBN obtained by Palmoilmagazine.com, CPO Franco Dumai was set at IDR 13,750/kg, CPO Talang Duku at IDR 13,550/kg, and CPO Palembang at IDR 13,600/kg.
Meanwhile, as reported by Reuters, Malaysian palm oil futures closed higher on Tuesday (Jan 28, 2025), just before the Lunar New Year holiday. The market rebounded from previous losses despite sluggish demand from key buyers, uncertainties over Indonesia’s export policy, and a slight recovery in domestic production, which limited the price increase.
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The benchmark palm oil contract for April 2025 delivery on the Malaysia Derivatives Exchange rose by RM 64 per ton (1.52%), reaching RM 4,282 (US$ 975.84) per metric ton at closing. Over the last two sessions, the contract price increased by 0.67%.
“Futures prices remain under pressure due to a modest recovery in palm oil production and uncertainty over Indonesia’s export duties,” said Anilkumar Bagani, Head of Commodity Research at Sunvin Group, Mumbai.
KPBN Tender Results (IDR/kg, Excl. VAT) for Thursday (Jan 30, 2025):
CPO Prices:
- Franco Dumai: IDR 13,750 – IMT, EUP
- FOB Talang Duku: IDR 13,550 – PRISCOLIN
- Franco Teluk Bayur: IDR 13,620 (WD); Highest bid: IDR 13,485 – WIRA
- FOB Palembang: IDR 13,600 – PRISCOLIN
CPKO Prices:
- Franco Belawan: IDR 23,929 – SMART
- Loco Palembang: IDR 23,565 (WD); Highest bid: IDR 22,925 – IKIN
(P2)