Palmoilmagazine, Jakarta – The crude palm oil (CPO) price at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at Rp 13,889/kg on Friday (31/1/2025), marking a 1.01% increase or a rise of Rp 139/kg compared to Thursday’s (30/1/2025) price of Rp 13,750/kg.
According to information from KPBN, the CPO price for Franco Belawan & Dumai was set at Rp 13,889/kg, while at Talang Duku, it was Rp 13,709/kg.
For the period of January 27-31, 2025, KPBN’s CPO price recorded a weekly increase of 1.10%, reaching Rp 13,819.50/kg, up Rp 149.70/kg from the previous week’s price of Rp 13,669.80/kg.
Also Read: KPBN Inacom CPO Price Rises by 1.07% on Thursday, Jan 30, 2025
Meanwhile, Reuters reported that Malaysian palm oil futures declined on Friday (31/1/2025) after reopening from a two-day Lunar New Year holiday, amid uncertainty over Indonesia’s export tariffs and concerns about potential U.S. tariffs.
The benchmark palm oil contract (FCPOc3) for April 2025 delivery on the Malaysia Derivatives Exchange fell by RM 19 per ton, or 0.44%, to RM 4,260 (US$ 963.36) per metric ton by midday. However, the contract gained 1% for the week, following a 0.62% increase the previous week.
According to Paramalingam Supramaniam, Director at Selangor-based brokerage Pelindung Bestari, market uncertainty arose from the possibility of a 9% to 10% reduction in Indonesia’s palm oil export levy and potential U.S. tariffs imposed by President Donald Trump on Canada and Mexico.
Soybean oil prices on the Chicago Board of Trade (BOcv1) rose 1.22%. The Dalian Commodity Exchange remained closed from January 28 to February 4 due to the Lunar New Year holiday.
KPBN Tender Results (Rp/kg, Excl. VAT) for Friday (31/1/2025):
CPO
- Franco Belawan & Dumai: Rp 13,889 (EOP, EUP)
- FOB Talang Duku: Rp 13,709 (PRISCOLIN)
- Franco Teluk Bayur: Rp 13,759 (WD). Highest bid: Rp 13,623 (WIRA)
CPKO
- Loco Palembang: Rp 23,605 (WD). Highest bid: Rp 22,925 (IKIN)
(P2)