PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) price at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at Rp 14,802/kg on Thursday (Feb 13, 2025). This marks a 0.91% decrease (equivalent to Rp 136/kg) compared to the highest offer on Wednesday (Feb 12, 2025), which stood at Rp 14,938/kg.
According to information from KPBN, CPO prices were set at Belawan & Dumai: Rp 14,802/kg, and Teluk Bayur: Rp 14,672/kg
Meanwhile, Malaysia’s palm oil futures market also declined on Thursday (Feb 13, 2025), as concerns over weaker demand in the coming weeks weighed on prices, according to Bernama.
Also Read: CPO Prices at KPBN Inacom and Bursa Malaysia Rise on Wednesday (12/2)
Palm oil trader David Ng noted that weaker performance in Dalian Commodity Exchange’s palm olein futures and soybean oil contracts further pressured today’s market sentiment.
“We expect CPO prices to find support at RM 4,500 per ton and resistance at RM 4,680 per ton,” he told Bernama.
At market close:
- February 2025 contract fell RM 107 to RM 4,768 per ton
- March 2025 contract dropped RM 60 to RM 4,666 per ton
- April 2025 contract declined RM 67 to RM 4,554 per ton
- May 2025 contract decreased RM 72 to RM 4,457 per ton
- June 2025 contract was down RM 73 to RM 4,360 per ton
- July 2025 contract slipped RM 69 to RM 4,281 per ton
Trading volume shrank to 97,142 lots, down from 119,246 lots the previous day, while open interest expanded to 227,425 contracts, up from 225,625 contracts. The physical CPO price for February dropped RM 50 to RM 4,850 per ton.
KPBN Tender Results (Rp/kg, Excl. VAT) – Thursday (Feb 13, 2025)
CPO:
- Franco Belawan & Dumai: Rp 14,802 – PHPO, PAA
- Franco Teluk Bayur: Rp 14,672 – WIRA
CPKO:
- Franco Belawan: Rp 24,610 – MM
- Loco Palembang: Rp 24,246 – IKIN
(P2)
