PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 14,008/kg on Tuesday (Feb 4, 2025), marking a 0.65% decline or a drop of approximately IDR 92/kg compared to Monday’s (Feb 3, 2025) price of IDR 14,100/kg.
According to information obtained by Palmoilmagazine.com from KPBN, CPO prices were set at IDR 14,008/kg for Franco Kuala Tanjung & Dumai and IDR 13,818/kg for Talang Duku.
Meanwhile, as reported by Reuters, Malaysian palm oil futures declined on Tuesday (Feb 4, 2025) after five consecutive sessions of gains. The decline was triggered by a drop in Chicago soybean oil prices following news that the U.S. would delay implementing import tariffs on Mexico and Canada.
Also Read: KPBN Inacom CPO Price Rises 1.52% on Monday (Feb 3), Malaysia CPO Futures Also Increase
The benchmark palm oil contract FCPOc3 for April 2025 delivery on the Malaysia Derivatives Exchange fell by RM 90 per ton, or about 2.06%, to RM 4,277 (US$ 960.04) per metric ton at midday.
Additionally, soybean oil futures on the Chicago Board of Trade (BOcv1) dropped by 3.48%. The Dalian Commodity Exchange remained closed for the Lunar New Year and was scheduled to reopen on Wednesday.
KPBN Tender Results (IDR/kg, Excl. VAT) – Tuesday (Feb 4, 2025):
CPO Prices:
- Franco Kuala Tanjung & Dumai: IDR 14,008 – EOP, EUP
- FOB Talang Duku: IDR 13,818 – PRISCOLIN
- Franco Teluk Bayur: IDR 13,878 (WD), Highest Bid: IDR 13,686 – WIRA
(P2)
