PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom rose to IDR 14,000/kg on Tuesday (April 29, 2025), reflecting a 0.32% increase or approximately IDR 45/kg from Monday’s (April 28) highest bid of IDR 13,955/kg.
According to Palmoilmagazine.com citing KPBN Inacom data, the CPO price was set at IDR 14,000/kg for Franco Belawan, Kuala Tanjung, and Dumai. Meanwhile, the Franco Talang Duku price was recorded at IDR 13,800/kg.
In contrast, global palm oil prices continued to decline. Reuters reported that palm oil futures on the Malaysian Derivatives Exchange dropped for the second straight session on Tuesday, pressured by a stronger ringgit and weakening prices of competing vegetable oils.
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The benchmark palm oil contract for July 2025 delivery fell by RM25, or about 0.63%, closing at RM3,940 per metric ton (US$910.98). A Kuala Lumpur-based trader noted that the stronger ringgit—up 0.8% against the US dollar—sparked heavy selling, as it made palm oil more expensive for buyers using foreign currencies.
Additionally, the most active soybean oil contract in Dalian fell 0.84%, while its palm oil counterpart dropped 1.72%. Soybean oil prices on the Chicago Board of Trade also declined by 1.13%.
KPBN Tender Results – Tuesday, April 29, 2025 (Prices in IDR/kg, Excl. VAT):
CPO
- Franco Belawan, Kuala Tanjung & Dumai: 14,000 – EOP, EUP, WNI
- FOB Talang Duku: 13,800 – PSCOI
- Franco Teluk Bayur: 13,870 (WD); Highest bid: 13,776 – WNI
- Loco Sei Tapung: 13,761 – WNI
- Loco Pelaihari: 13,446 (WD); Highest bid: 12,911 – WNI
CPKO
- Franco Kuala Tanjung: 30,223 – MM
- Loco Palembang: 29,859 (WD); Highest bid: 29,510 – IKIN
PK
- Franco Belawan: 13,992 (WD); Highest bid: 13,953 – MM
(P2)
