PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 14,843/kg on Monday (March 24, 2025). This marks a 0.97% decrease, or approximately IDR 145/kg, compared to the highest bid price of IDR 14,988/kg recorded on Friday (March 21, 2025).
According to information obtained by Palmoilmagazine.com from KPBN Inacom, the CPO Franco price for Belawan & Dumai was set at IDR 14,843/kg. Meanwhile, the Franco price for Talang Duku stood at IDR 14,643/kg, and for Teluk Bayur, it was IDR 14,713/kg.
Meanwhile, as reported by Reuters, palm oil futures on the Malaysian market fell for the second consecutive session on Monday (March 24, 2025), pressured by the weakening of vegetable oil prices on the Dalian Commodity Exchange. However, a weaker currency helped limit losses.
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The benchmark FCPOc3 palm oil contract for June 2025 delivery on the Bursa Malaysia Derivatives Exchange dropped by RM 35 per ton, or about 0.8%, settling at RM 4,340 (US$ 979.02) per metric ton by midday.
Additionally, the most active soybean oil contract on Dalian, DBYcv1, declined by 1.2%, while its palm oil contract, DCPcv1, fell by 1.34%. On the Chicago Board of Trade (CBOT), soybean oil prices (BOc2) remained almost unchanged, rising by just 0.02%.
KPBN Tender Results (IDR/kg, Excl. VAT) for Monday (March 24, 2025):
CPO
- Franco Belawan & Dumai: IDR 14,843 – BEST, WNI, KJA
- FOB Talang Duku: IDR 14,643 – WNI
- Franco Teluk Bayur: IDR 14,713 – WNI
- FOB Kaltim: IDR 14,443 (WD); Highest Bid: IDR 14,178 – EUP
- Loco Pelaihari: IDR 14,289 (WD); Highest Bid: IDR 13,750 – WNI
- Loco Kembayan: IDR 14,393 (WD); Highest Bid: IDR 14,300 – MNA
(P2)
