PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom recorded a withdrawal (WD) on Wednesday (Feb 12, 2025), with the highest bid reaching Rp 14,938/kg. This marks a 1.34% increase or approximately Rp 198/kg compared to Tuesday (Feb 11, 2025), when CPO was priced at Rp 14,740/kg.
According to information obtained from KPBN, the Franco Belawan & Dumai CPO price opened at Rp 15,000/kg, but experienced WD, with the highest bid recorded at Rp 14,938/kg. Meanwhile, at Teluk Bayur, the CPO price opened at Rp 14,870/kg, also experiencing WD, with the highest bid at Rp 14,788/kg.
Based on reports from Reuters, Malaysian palm oil futures rose more than 2% on Wednesday, following the upward trend in other vegetable oils. The increase was also supported by a US report on global agricultural supply and demand estimates.
Also Read: KPBN Inacom CPO Price Rises 0.69% on Tuesday, Feb 11, 2025
The April 2025 crude palm oil futures contract (FCPOc3) on the Malaysia Derivatives Exchange rose RM 102 per ton, a 2.22% increase, reaching RM 4,695 (US$ 1,051.28) per metric ton by midday.
Meanwhile, the most active soybean oil contract on the Dalian Exchange (DBYcv1) fell 0.42%, while Dalian palm oil futures (DCPcv1) increased 1.19%. On the Chicago Board of Trade (BOcv1), soybean oil prices rose 0.67%.
KPBN Tender Results (Rp/Kg, Excluding VAT) for Wednesday (Feb 12, 2025):
CPO:
- Franco Belawan & Dumai: Rp 15,000 (WD), highest bid Rp 14,938 – MM, IBP
- Franco Teluk Bayur: Rp 14,870 (WD), highest bid Rp 14,788 – WIRA
- FOB Talang Duku: Rp 14,800 (WD), highest bid Rp 14,738 – MM
CPKO:
- Franco Belawan: Rp 25,145 (WD), highest bid Rp 24,630 – SDS
- Loco Palembang: Rp 24,781 (WD), highest bid Rp 23,725 – IKIN
(P2)
