PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) price at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at Rp15,135/kg on Friday (March 7, 2025). This marks an increase of 1.35% or approximately Rp202/kg compared to Thursday (March 6, 2025), when the price stood at Rp14,933/kg.
According to information from KPBN, the Franco Belawan & Dumai CPO price was also set at Rp15,135/kg.
Meanwhile, Reuters reported that Malaysian palm oil futures closed sharply higher on Friday (March 7, 2025), posting a weekly gain of 1.6% amid concerns over production cuts in key palm oil-producing regions in Malaysia.
Also Read: KPBN Inacom CPO Price Rises 0.9% on Thursday (March 6), Bursa Malaysia Gains Slightly
The benchmark palm oil contract FCPOc3 for May 2025 delivery on the Malaysia Derivatives Exchange surged by RM 147 per ton, or approximately 3.28%, closing at RM 4,627 (US$ 1,048.73) per metric ton.
Malaysia’s palm oil stockpile in February is estimated to have fallen to its lowest level in nearly three years due to flooding, according to a Reuters survey.
Meanwhile, based on a report from the Indonesian Palm Oil Association (GAPKI), Indonesia’s palm oil exports reached 29.5 million metric tons, marking a year-on-year decline of 8.3%.
In India, palm oil purchases rebounded significantly this week following lower-than-usual buying in January and February, which had sharply reduced stock levels, according to a Mumbai-based trader. India’s palm oil imports surged by 36% month-on-month in February after hitting their lowest level since March 2011 in January.
In the broader vegetable oil market:
- Dalian’s most active soybean oil contract (DBYcv1) gained 1.48% after data on Thursday showed U.S. soybean oil exports in January hit a 15-year high.
- Dalian’s palm oil contract (DCPcv1) increased by 2.89%.
- Soybean oil prices on the Chicago Board of Trade (CBOT) (BOcv1) fell 0.35%.
KPBN Tender Results (Rp/kg, Excl. VAT) – Friday (March 7, 2025):
CPO
- Franco Belawan & Dumai: Rp15,135 – MM, IBP
CPKO
- Loco Palembang: Rp26,320 (WD)
- Highest Bid: Rp23,000 – SAP
(P2)
