PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 14,850/kg on Monday (Feb 17, 2025). This marks a slight decrease of 0.26% or approximately IDR 38/kg compared to the price on Friday (Feb 14, 2025), which stood at IDR 14,888/kg.
According to information obtained by Palmoilmagazine.com from KPBN Inacom , the CPO Franco price for Belawan/Kuala Tanjung/Dumai was set at IDR 14,850/kg, while Franco Sei Tapung was priced at IDR 14,611/kg.
Meanwhile, Malaysian palm oil futures rebounded from previous session losses and closed higher on Monday (Feb 17, 2025). However, a decline in soybean oil prices and lower palm oil export estimates for the first two weeks of February limited the gains, according to Reuters.
Also Read: KPBN Inacom CPO Prices Rise 0.58% on Friday (14/2), Weekly Prices Surge
The benchmark palm oil contract for May 2025 delivery on the Malaysia Derivatives Exchange rose by RM 40 per ton, or approximately 0.89%, closing at RM 4,539 (US$1,024.14) per metric ton. On Friday, the contract price had increased by 0.83%.
Earlier in the midday session, CPO futures traded lower due to weaker soybean oil markets and sluggish Malaysian palm oil exports for the first half of February. Anilkumar Bagani, Head of Commodity Research at Mumbai-based Sunvin Group, explained that these factors influenced the market.
The most active Dalian soybean oil futures contract declined by 0.93%, while palm oil futures in Dalian increased by 0.58%. Meanwhile, the Chicago Board of Trade (CBOT) remained closed due to a public holiday.
KPBN Tender Results (IDR/Kg, Excl. VAT) – Monday (Feb 17, 2025):
CPO
- Franco Belawan/Kuala Tanjung/Dumai: IDR 14,850 – AGM, BEST
- Franco Sei Tapung: IDR 14,611 – WNI
- Franco Ngabang: IDR 14,850 (WD). Highest bid: IDR 14,311 – EUP
- Franco Parindu: IDR 14,500 (WD). Highest bid: IDR 14,311 – EUP
(P2)
