PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) price at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 15,320/kg on Wednesday (Feb 26, 2025). This marks a slight decrease of 0.23% or around IDR 35/kg compared to the highest bid price of IDR 15,355/kg on Tuesday (Feb 25, 2025).
According to information obtained by Palmoilmagazine.com from KPBN, the Franco Belawan & Dumai CPO price was set at IDR 15,320/kg. Meanwhile, the Loco Pelaihari CPO price opened at IDR 14,766/kg but was withdrawn (WD), with the highest bid recorded at IDR 9,750/kg.
Reuters reported that Malaysian palm oil futures rose for the second consecutive session on Wednesday (Feb 26, 2025), driven by bargain buying despite bearish sentiment from industry analysts.
Also Read: CPO Prices at KPBN Inacom and Bursa Malaysia Rise on Tuesday (25/2)
The benchmark palm oil contract for May 2025 delivery on the Malaysia Derivatives Exchange increased by RM 42 per ton, or approximately 0.92%, closing at RM 4,607 (US$ 1,040.89) per metric ton.
Meanwhile, the most active Dalian soybean oil contract fell by 0.75%, while its palm oil contract rose by 0.22%. The Chicago Board of Trade (CBOT) soybean oil price dropped slightly by 0.02%.
KPBN Tender Results (IDR/kg, Excl. VAT) for Wednesday (Feb 26, 2025):
CPO:
- Franco Belawan & Dumai: IDR 15,320 – BEST, MNA, PAA
- Loco Pelaihari: IDR 14,766 (WD), Highest Bid: IDR 9,750 – DKSD
CPKO:
- Loco Palembang: IDR 25,850 (WD), Highest Bid: IDR 22,850 – SAP
(P2)
