PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 15,050/kg on Tuesday (March 18, 2025). This marks a 0.33% decrease (IDR 50/kg) compared to the Monday (March 17, 2025) price of IDR 15,100/kg.
According to data obtained by Palmoilmagazine.com from KPBN Inacom, the CPO price Franco Belawan & Dumai was set at IDR 15,050/kg, while Loco Sei Tapung opened at IDR 14,811/kg, but faced a withdrawal (WD), with the highest bid reaching IDR 14,424/kg.
Meanwhile, Reuters reported that the Indonesian government plans to increase the export tax on CPO to 4.5%–10%, up from the previous 3%–7.5% range. This move aims to support funding for increased palm oil usage in biodiesel blending, according to an official from the Palm Oil Plantation Fund Management Agency (BPDPKS) on Tuesday (March 18, 2025).
Also Read: KPBN Inacom CPO Price Slightly Declines on Monday (March 17)
This year, Indonesia has raised its biodiesel blending mandate to 40% (B40) from 35% (B35). The government is also evaluating an increase to 50% (B50) by 2026 and implementing a 3% blend for sustainable aviation fuel (SAF) next year to reduce reliance on fossil fuel imports.
BPDPKS Director Kabul Wijayanto stated that the new tariff will take effect three days after the regulation is issued, which is currently being finalized by the Ministry of Law and Human Rights. BPDPKS aims to distribute IDR 35.47 trillion (USD 2.15 billion) in biodiesel subsidies this year. The planned increase in the CPO export tax to 10% was announced late last year but has yet to be enforced.
KPBN Tender Results (IDR/kg, Excl. VAT) for Tuesday (March 18, 2025):
CPO:
- Franco Belawan & Dumai – IDR 15,050 (MM, IBP, KJA)
- Loco Sei Tapung – IDR 14,811 (WD), highest bid IDR 14,424 (WNI)
- Loco Pelaihari – IDR 14,496 (WD), highest bid IDR 13,700 (WNI)
CPKO:
- Franco Belawan – IDR 28,625 (MM)
(P2)
