PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 14,980/kg on Tuesday (March 11, 2025), marking a 0.83% decrease, or around IDR 125/kg, compared to Monday’s (March 10, 2025) price of IDR 15,105/kg.
According to information obtained by Palmoilmagazine.com from KPBN Inacom, the CPO Franco price for Belawan & Dumai was set at IDR 14,980/kg, while the Franco price for Talang Duku was IDR 14,850/kg.
Meanwhile, Reuters reported that Malaysian palm oil futures extended their decline for the second consecutive session on Tuesday (March 11, 2025), pressured by weaker soybean oil prices on the Dalian Commodity Exchange. However, rising palm oil imports from India helped limit the decline.
Also Read: KPBN Inacom CPO Price Slightly Declines on Monday (10/3), While Malaysian Exchange Prices Plummet
The benchmark palm oil futures contract for May 2025 delivery on the Malaysia Derivatives Exchange fell by RM 11 per ton, or approximately 0.24%, closing at RM 4,488 (US$ 1,017.69) per metric ton.
David Ng, a trader at Kuala Lumpur-based Iceberg X Sdn Bhd, stated that the price drop was driven by an overnight decline in soybean oil prices on the Dalian Exchange, primarily influenced by U.S. and Chinese import tariffs.
The most active soybean oil contract on the Dalian Exchange fell by 1.92%, while palm oil contracts declined by 2.42%. However, soybean oil prices on the Chicago Board of Trade rose by 0.73%.
KPBN Tender Results (IDR/kg, Excl. VAT) for Tuesday (March 11, 2025):
CPO:
- Franco Belawan & Dumai: IDR 14,980 – PHPO, PAA
- Franco Talang Duku: IDR 14,850 – WIRA
- FOB East Kalimantan: IDR 14,580 (WD), Highest bid: IDR 14,095 – EUP
- FOB South Kalimantan: IDR 14,580 (WD), Highest bid: IDR 14,095 – EUP
CPKO (Crude Palm Kernel Oil):
- Franco Belawan: IDR 27,325 – MM
- Loco Palembang: IDR 26,823 (WD), Highest bid: IDR 22,850 – SAP
- Loco Lampung: IDR 26,966 (WD), Highest bid: IDR 26,375 – IKIN
(P2)
