PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at Rp 15,275/kg on Thursday (Feb 20, 2025), marking a 0.89% increase (Rp 135/kg) from Rp 15,140/kg on Wednesday (Feb 19, 2025).
According to information obtained by Palmoilmagazine.com from KPBN, the CPO Franco price at Kuala Tanjung & Dumai was also set at Rp 15,275/kg.
Meanwhile, palm oil futures in the Malaysian market declined on Thursday (Feb 20, 2025), as reported by Reuters. The drop was driven by profit-taking activities while traders awaited clarity on Indonesia’s potential revision of palm oil export levies.
Also Read: CPO Prices at KPBN Inacom Rise 1.61% on Wednesday (19/2), Malaysian Futures Also Strengthen
The May 2025 palm oil futures contract on the Malaysia Derivatives Exchange fell RM 15 per ton (0.32%) to RM 4,657 (US$ 1,051.72) per metric ton by midday. This follows a 3.73% increase in the previous session.
According to Anilkumar Bagani, Head of Commodity Research at Mumbai-based Sunvin Group, market speculation about Indonesia’s potential palm oil export restrictions ahead of Ramadan and India’s possible increase in vegetable oil import taxes from 10% to 15% contributed to market fluctuations.
Elsewhere, the most active Dalian soybean oil contract rose 0.48%, while Dalian palm oil contracts surged 2.15%. The Chicago Board of Trade soybean oil price also gained 0.3%.
KPBN Tender Results (Rp/kg, Excl. VAT) – Thursday (Feb 20, 2025):
CPO
- Franco Kuala Tanjung & Dumai: Rp 15,275 – PHPO, EOP, PAA
- Loco Ngabang: Rp 14,925 (WD) | Highest bid: Rp 14,903 (EUP)
- Loco Parindu: Rp 14,925 (WD) | Highest bid: Rp 14,903 (EUP)
CPKO
- Loco Palembang: Rp 25,346 (WD) | Highest bid: Rp 22,850 (SAP)
(P2)
