PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 14,501/kg on Wednesday, April 23, 2025. This reflects a 0.69% increase, or about IDR 100/kg, from Tuesday’s (April 22) price of IDR 14,401/kg.
According to information from KPBN reported by Palmoilmagazine.com, the CPO Franco prices for Belawan, Kuala Tanjung, and Dumai were all set at IDR 14,501/kg. Meanwhile, the Franco price for Talang Duku stood at IDR 14,301/kg.
Citing Reuters, palm oil futures on the Malaysian Derivatives Exchange also closed higher on Wednesday. The rise was driven by more attractive prices and stronger sentiment across the vegetable oil markets.
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The benchmark palm oil futures contract for July 2025 delivery rose by RM69 per ton—or about 1.74%—to close at RM4,035 (US$919.55) per metric ton, after surging over 2% earlier in the day.
Sources told Reuters that India has resumed palm oil purchases after a five-month pause. Lower prices have made palm oil more attractive than its rival, soybean oil, prompting refiners to restock.
Elsewhere, Dalian’s most active soybean oil contract rose 1.19%, while its palm oil contract jumped 2.01%. Soybean oil futures on the Chicago Board of Trade (CBOT) climbed 0.62%.
KPBN Tender Results (IDR/kg, excluding VAT) for Wednesday (April 23, 2025):
CPO
- Franco Belawan, Kuala Tanjung & Dumai: IDR 14,501 – EOP, EUP
- FOB Talang Duku: IDR 14,301 – PRISCOLIN
- Loco Pelaihari: IDR 13,947 (WD). Highest bid: IDR 12,911 – WNI
CPKO
- Franco Belawan: IDR 30,325 – MM
- Loco Lampung: IDR 29,857 – IKIN
PK (Palm Kernel)
- Loco Bunut: IDR 13,849 (WD). Highest bid: IDR 13,395 – IMSJ
- Loco T. Lebar: IDR 13,772 (WD). Highest bid: IDR 13,070 – AHB
- Loco Solok Selatan: IDR 13,700 (WD). Highest bid: IDR 13,360 – UIP
- Loco Ophir: IDR 13,790 (WD). Highest bid: IDR 13,484 – UIP
- Loco Rimbo Dua: IDR 13,682 (WD). Highest bid: IDR 13,395 – IMSJ
- Loco Pengabuan: IDR 13,767 (WD). Highest bid: IDR 13,246 – IMSJ
(P2)
