PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was withdrawn on Monday (3/3/2025), with the highest bid recorded at IDR 14,905/kg. This marks a 1.34% drop, or a decrease of approximately IDR 152/kg, compared to the highest bid price on Friday (28/2/2025), which stood at IDR 15,057/kg.
According to information obtained by Palmoilmagazine.com from KPBN, the CPO Franco Dumai price opened at IDR 15,000 but was withdrawn (WD), with the highest bid at IDR 14,905/kg. Meanwhile, the CPO Loco Sei Tapung price opened at IDR 14,761/kg but was also withdrawn, with the highest bid reaching IDR 14,614/kg.
Reuters reported that Malaysian palm oil futures dropped on Monday (3/3/2025) following declines in other vegetable oil prices. Additionally, weaker Malaysian palm oil exports in February further pressured the market.
Also Read: CPO Prices Drop at KPBN Inacom and Bursa Malaysia on Thursday (27/2)
The benchmark palm oil futures contract (FCPOc3) for May 2025 delivery on the Malaysia Derivatives Exchange fell by RM 67 per ton, or approximately 1.47%, to RM 4,487 (US$ 1,005.60) per metric ton by midday.
Meanwhile, the most active Dalian soybean oil contract (DBYcv1) inched up 0.03%, while its palm oil counterpart (DCPcv1) dropped 0.4%. On the Chicago Board of Trade (CBOT), soybean oil futures (BOcv1) initially fell 0.14% from Friday’s closing level but later reversed direction, gaining 0.32%.
KPBN Tender Results (Rp/Kg, Excluding VAT) – Thursday (27/2/2025):
- CPO Franco Dumai: IDR 15,000 (WD). Highest bid: IDR 14,905 – PAA
- CPO Loco Sei Tapung: IDR 14,761 (WD). Highest bid: IDR 14,614 – WNI
- CPO Loco Pelaihari: IDR 14,446 (WD). Bid: IDR 9,750 – DKSD
(P2)
