PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) price at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 15,275/kg on Monday (Feb 24, 2025). This marks a 0.97% decrease, or approximately IDR 150/kg, compared to Friday’s (Feb 21, 2025) price of IDR 15,425/kg.
According to information from KPBN, the CPO price for Franco Belawan & Dumai was set at IDR 15,275/kg, while the CPO price in Ngabang was IDR 15,925/kg.
As reported by Reuters, Malaysian palm oil futures fell by over 1% on Monday (Feb 24, 2025), pressured by declining vegetable oil prices on the Dalian and Chicago exchanges. Weak demand from key buyer India also weighed on the market.
Also Read: KPBN Inacom CPO Price Rises 0.98% on Feb 21, Weekly Gain Reaches 2.14%
The benchmark FCPOc3 palm oil contract for May 2025 delivery on the Malaysia Derivatives Exchange declined by RM 73 per ton, or approximately 1.57%, settling at RM 4,591 (US$ 1,044.36) per metric ton at midday.
Additionally, the most active Dalian soybean oil contract (DBYcv1) fell 0.38%, while the palm oil contract (DCPcv1) dropped 2%. On the Chicago Board of Trade, soybean oil futures (BOc2) declined 0.7%.
KPBN CPO Tender Results (IDR/kg, Excl. VAT) for Monday (Feb 24, 2025):
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- Franco Belawan & Dumai: IDR 15,275 – BEST, AGM
- Loco Ngabang: IDR 14,925 – EUP
- Loco Pelaihari: IDR 14,721 (WD) – Highest bid: IDR 14,675 – MNA
(P2)
