PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 14,933/kg on Thursday (March 6, 2025), reflecting a 0.90% increase or approximately IDR 133/kg from Wednesday’s (March 5, 2025) price of IDR 14,800/kg.
According to KPBN data obtained by Palmoilmagazine.com, the CPO Franco Belawan & Dumai price was set at IDR 14,933/kg.
Boyke Suratin, former Intelligent Market Analyst at PTPN VI and Chairman of the Indonesian Planters Society (IPS) Committee II on Foreign Relations and Inter-Agency Affairs, noted that CPO prices on the Malaysian exchange for March, April, and May 2025 contracts rose to RM 4.669, RM 4.520, and RM 4.417, respectively.
Also read: CPO Price at KPBN Inacom Jumps 2.28% on Wednesday (March 5)
“These figures are an increase from the previous day’s prices of RM 4.600, RM 4.456, and RM 4.349,” Boyke explained.
Meanwhile, Reuters reported that Malaysian palm oil futures saw a modest increase on Thursday (March 6, 2025), tracking movements in other vegetable oil markets on the Dalian and Chicago exchanges. However, concerns over rising U.S. tariffs limited gains.
The benchmark palm oil contract (FCPOc3) for May 2025 delivery on the Malaysia Derivatives Exchange rose by RM 2 per ton, or approximately 0.05%, to RM 4.419 (US$ 998.42) per metric ton at midday.
According to Anilkumar Bagani, Head of Vegetable Oil Research at Mumbai-based Sunvin Group, market sentiment remained cautious due to ongoing uncertainty regarding U.S. tariffs on Mexico and Canada.
Additionally, China retaliated against the new U.S. tariffs imposed on Tuesday by raising import duties on American agricultural and food products worth $21 billion, escalating tensions between the world’s two largest economies and edging closer to a full-scale trade war.
Soybean oil prices on the Chicago Board of Trade (CBOT) (BOcv1) rose 1.09%, while the most active soybean oil contract on the Dalian Commodity Exchange (DBYcv1) gained 0.71%. The palm oil contract (DCPcv1) increased by 0.77%.
KPBN Tender Results (IDR/kg, Excluding VAT) for Thursday (March 6, 2025):
CPO: Franco Belawan & Dumai: IDR 14,933 – BEST, WNI
CPKO: Loco Palembang: IDR 25,689 (WD). Highest bid: IDR 23,000 – SAP.
