PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) price at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 14,740/kg on Tuesday (4/3/2025), marking a decrease of IDR 165/kg compared to the highest bid price on Monday (3/3/2025) of IDR 14,905/kg.
According to information from KPBN obtained by Palmoilmagazine.com, the CPO price Franco Kuala Tanjung & Dumai was set at IDR 14,740/kg. Meanwhile, the Loco Sei Tapung price opened at IDR 14,501/kg but was withdrawn (WD), with the highest bid recorded at IDR 14,334/kg.
Citing Reuters, Malaysia’s palm oil futures market declined on Tuesday (4/3/2025), weighed down by falling vegetable oil prices on the Dalian exchange and concerns over U.S. import tariffs.
Also Read: CPO Prices at KPBN Inacom and Bursa Malaysia Fell on Monday (3/3)
The benchmark FCPOc3 contract for May 2025 delivery on the Malaysian Derivatives Exchange dropped by RM 105 per ton (2.34%), settling at RM 4,379 (US$ 980.74) per metric ton at midday.
Paramalingam Supramaniam, Director of the Selangor-based brokerage firm Pelindung Bestari, stated that China, the world’s largest soybean importer, is preparing countermeasures against U.S. import tariffs, which could target American agricultural exports. This situation adds uncertainty to the global vegetable oil market.
On the Dalian Exchange, the most active soybean oil futures (DBYcv1) dropped 1.15%, while palm oil futures (DCPcv1) fell 2.8%. Meanwhile, soybean oil prices on the Chicago Board of Trade (CBOT BOcv1) edged up 0.23%.
KPBN Tender Results (IDR/kg, Excl. VAT) – Tuesday (4/3/2025)
CPO:
- Franco Kuala Tanjung & Dumai: IDR 14,740 – EOP, EUP
- Loco Sei Tapung: IDR 14,501 (WD); Highest bid: IDR 14,334 – WNI
- Loco Pelaihari: IDR 14,186 (WD); Bid price: IDR 13,610 – WNI
CPKO:
- Franco Kuala Tanjung: IDR 26,350 – MNA
- Loco Palembang: IDR 25,086 (WD); Highest bid: IDR 23,100 – SAP
(P2)
