PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) price at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was withdrawn (WD) on Thursday (March 20, 2025), with the highest bid recorded at IDR 15,088/kg. This marks a 0.20% decline or a decrease of approximately IDR 30/kg compared to Wednesday’s (March 19, 2025) price of IDR 15,118/kg.
According to information obtained by Palmoilmagazine.com from KPBN, the Franco Belawan CPO price was initially set at IDR 15,167/kg but was withdrawn (WD) with the highest bid at IDR 14,955/kg. Similarly, Franco Dumai CPO was also listed at IDR 15,167/kg but was withdrawn with the highest bid reaching IDR 15,088/kg.
Meanwhile, as reported by Reuters, Malaysian palm oil futures continued their upward trend for the second consecutive session on Thursday (March 20, 2025), supported by rising palm oil prices on the Dalian Commodity Exchange.
Also Read: KPBN Inacom CPO Price Rises 0.45% on Wednesday (March 19), Malaysian Palm Oil Market Strengthens
The benchmark FCPOc3 contract for June 2025 delivery on the Bursa Malaysia Derivatives Exchange increased by RM 49 per ton (approximately 1.12%) to RM 4,438 (US$1,002.94) per metric ton by midday.
Additionally, the most active Dalian soybean oil contract (DBYcv1) fell 0.35%, while the Dalian palm oil contract (DCPcv1) rose 0.73%. Meanwhile, soybean oil prices on the Chicago Board of Trade (CBOT) BOcv1 recorded a slight increase of 0.05%.
KPBN CPO Tender Results (IDR/Kg, Excl. VAT) – Thursday (March 20, 2025):
- Franco Belawan: IDR 15,167 (WD). Highest bid: IDR 14,955 (EOP)
- Franco Dumai: IDR 15,167 (WD). Highest bid: IDR 15,088 (ASK)
- Franco Teluk Bayur: IDR 15,037 (WD). Highest bid: IDR 14,715 (WNI)
- Loco Pelaihari: IDR 14,613 (WD). Highest bid: IDR 13,850 (WNI)
- FOB Kalbar: IDR 14,817 (WD). Bid: IDR 9,750 (DKSD)
(P2)
