PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) prices came under pressure at the start of the week. On Monday (April 28, 2025), PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom reported that all CPO tenders were marked as Withdrawn (WD), with the highest bid recorded at Rp13,955/kg. This reflects a 2.68% drop or a decline of Rp384/kg compared to Friday’s (April 25, 2025) highest bid of Rp14,339/kg.
According to information received by Palmoilmagazine.com, the opening price for CPO at Franco Belawan and Dumai was Rp14,006/kg, but no deals were finalized as the session ended in WD, with the highest bid standing at Rp13,955/kg. Similarly, the Franco Talang Duku opening price was Rp13,806/kg, with the top bid reaching only Rp13,718/kg before the session was withdrawn.
This decline aligns with a broader downward trend in global markets. As reported by Reuters, Malaysian palm oil futures fell on Monday (April 28, 2025), pressured by expectations of rising production and weakening soybean oil prices on the Chicago Board of Trade.
Also Read: KPBN Inacom’s CPO Price Declined 1.03% on Friday (25/4), While on Malaysian Exchange Increased
The benchmark palm oil futures contract (FCPOc3) for July 2025 delivery on the Bursa Malaysia Derivatives Exchange fell by 2.42% to RM 3,959 per metric ton (approximately US$906.57) during the mid-day break.
David Ng, a trader at Kuala Lumpur-based brokerage Iceberg X Sdn Bhd, said the decline in Chicago soybean oil futures and anticipated production increases in the coming weeks weighed heavily on palm oil prices.
Elsewhere, Dalian’s most active soybean oil contract (DBYcv1) dropped 1.66%, while palm oil futures (DCPcv1) slid 1.75%. Meanwhile, soybean oil prices on the Chicago Board of Trade (BOcv1) fell by 0.9%.
KPBN Inacom Tender Results – Friday (April 25, 2025) (Prices in Rp/kg, excl. VAT):
- Franco Belawan & Dumai: Rp14,006 (WD), highest bid Rp13,955 – SMART, IVT
- FOB Talang Duku: Rp13,806 (WD), highest bid Rp13,718 – PAA
- Franco Teluk Bayur: Rp13,876 (WD), highest bid Rp13,770 – WNI
- Loco Sei Tapung: Rp13,767 (WD), highest bid Rp13,650 – AGM
- Loco Pelaihari: Rp13,452 (WD), highest bid Rp12,905 – WNI
With global sentiment remaining weak and production forecasts weighing on the market, CPO prices are expected to remain volatile in the near term. (P2)
