KPBN Inacom CPO Price Rises 1.52% on Monday (Feb 3), Malaysia CPO Futures Also Increase

Palm Oil Magazine
KPBN Inacom CPO Price Rises 1.52% on Monday (Feb 3). 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 Rp 14,100/kg on Monday (Feb 3, 2025). This marks a 1.52% increase or Rp 211/kg from Friday’s (Jan 31, 2025) price of Rp 13,889/kg.

Based on information Palmoilmagazine.com received from KPBN, CPO prices in Kuala Tanjung & Dumai were Rp 14,100/kg, in Talang Duku Rp 13,900/kg, and Teluk Bayur Rp 13,954.

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Meanwhile, Reuters reported that Malaysian palm oil futures closed higher for the fifth consecutive session on Monday (Feb 3, 2025), supported by stronger Chicago soybean oil prices and higher crude oil prices.

Also Read: KPBN CPO Price Rises 1.01% While Malaysian Futures Weaken on Friday (31/1)

The April 2025 delivery contract on the Malaysia Derivatives Exchange rose RM 84 per ton (1.96%) to RM 4,373 ($978.30) per metric ton, with a 2.36% gain over the past four sessions.

According to Anilkumar Bagani, Head of Commodity Research at Mumbai-based Sunvin Group, CPO futures edged higher due to spillover gains from Chicago Board of Trade (CBOT) soybean oil prices since last Friday and during Asian trading hours.

CBOT soybean oil contracts rose 2.15%, while China’s Dalian Commodity Exchange remained closed from Jan 28 to Feb 4 for the Lunar New Year holiday. (P2)

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