PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 15,100/kg on Monday (March 17, 2025), marking a 0.28% decline (IDR 50/kg) from Friday’s (March 14, 2025) highest bid of IDR 15,150/kg.
According to information from KPBN, CPO prices for Franco Belawan, Kuala Tanjung, and Dumai were set at IDR 15,100/kg. Meanwhile, Loco Pelaihari opened at IDR 14,546/kg but was withdrawn (WD), with the highest bid reaching IDR 13,900/kg.
According to Reuters, Malaysian palm oil futures closed lower on Monday (March 17, 2025), tracking the decline in other vegetable oils on the Dalian Commodity Exchange, while weak export data weighed on the market.
Also Read: KPBN Inacom CPO Prices Rise on Friday (March 14), Slight Increase in Malaysian Exchange
The benchmark FCPOc3 contract for June 2025 delivery on the Bursa Malaysia Derivatives Exchange fell MYR 103 per ton (-2.3%), closing at MYR 4,371 ($983.79) per metric ton.
Data from independent inspection company AmSpec Agri showed that Malaysia’s palm oil product exports dropped 10.1% to 396,865 tons in the March 1–15 period. Meanwhile, Intertek Testing Services reported a 7.5% decline to 420,677 metric tons.
Elsewhere, the most active Dalian soybean oil contract (DBYcv1) rose 0.5%, while the Dalian palm oil contract (DCPcv1) dropped 1.1%. In contrast, soybean oil prices on the Chicago Board of Trade (BOcv1) edged up 0.34%. (P2)
