PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) on PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom declined slightly to Rp13,373/kg on Thursday, May 15, 2025. This marks a decrease of 0.37% or Rp49/kg compared to the previous day’s highest bid of Rp13,422/kg on Wednesday, May 14, 2025.
According to data obtained by Palmoilmagazine.com, the Franco Dumai price was set at Rp13,373/kg. The Franco Belawan price opened at the same level but ended in a withdraw (WD), despite receiving a highest bid of Rp13,360/kg. Similarly, Franco Teluk Bayur opened at Rp13,243/kg, with the top bid only reaching Rp12,938/kg, also resulting in a WD.
On the global front, Reuters reported that palm oil futures on the Malaysian Derivatives Exchange lost ground on Thursday (May 15) after four straight sessions of gains. The downturn was driven by a decline in global vegetable oil prices and a stronger Malaysian ringgit, which makes exports less competitive.
Also Read: CPO Prices Surge at KPBN Inacom as Palm Oil Futures Climb in Malaysia on Wednesday (May 14)
The benchmark July 2025 contract fell by RM48 per metric ton, or approximately 1.22%, to RM3,875/ton (around US$904.74) during midday trading—its first decline since the recent rebound began.
A Kuala Lumpur-based trader noted that falling soybean oil prices on the Chicago Board of Trade (CBOT) and weakening vegetable oil futures on China’s Dalian Commodity Exchange also weighed on market sentiment. The appreciation of the ringgit further dampened demand from international buyers.
Soybean oil prices on CBOT dropped sharply by 4.56%, while the most active soybean oil contract in Dalian slipped 0.63%. Palm oil futures for June delivery in Dalian also edged down 0.67%.
KPBN Tender Results (Excl. VAT) – Thursday, May 15, 2025
CPO Prices (Rp/kg)
- Franco Belawan: Rp13.373 (WD), highest bid Rp13.360 – EOP
- Franco Dumai: Rp13.373 – EUP
- Franco Teluk Bayur: Rp13.243 (WD), highest bid Rp12.938 – WIRA
- FOB Talang Duku: Rp13.173 – PRISCOLIN
- Loco Sei Tapung: Rp13.134 (WD), highest bid Rp12.800 – WNI
- FOB South Kalimantan: Rp12.973 (WD), highest bid Rp12.050 – WNI
- Loco Kembayan: Rp12.923 – EUP
- Loco Ngabang: Rp13.023 – EUP
CPKO Prices (Rp/kg)
- Franco Belawan: Rp29.150 (WD), highest bid Rp28.013 – UNILEVER
- Loco Palembang: Rp28.786 (WD), highest bid Rp27.225 – IKIN
Palm Kernel (PK) Prices (Rp/kg)
- Franco Belawan: Rp13.083 (WD), highest bid Rp12.950 – MM
(P2)
