PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at Rp13,386/kg on Tuesday (June 3, 2025), reflecting a 0.41% increase or about Rp55/kg compared to the previous day’s price of Rp13,331/kg on Monday (June 2, 2025).
According to data obtained by Palmoilmagazine.com from KPBN, the Franco Dumai CPO price was recorded at Rp13,315/kg, while the Franco Belawan opening price stood at Rp13,331/kg. However, this was later withdrawn (WD), with the highest bid reaching Rp13,225/kg.
Meanwhile, Reuters reported that CPO futures on the Bursa Malaysia strengthened on Tuesday (June 3), driven by gains in the Dalian vegetable oil market and supported by India’s recent move to slash import duties on crude vegetable oils.
Also Read: Market Sluggish, KPBN Inacom CPO Prices Rise Slightly on Monday (June 2, 2025)
The benchmark palm oil futures contract for August 2025 rose by RM89 per ton, or approximately 2.29%, to RM3,967 per metric ton (around US$934.07) during the mid-day break.
Last Friday, the Indian government reduced the basic import duty on crude vegetable oils from 20% to 10%, aiming to curb domestic food inflation and bolster its local refining industry.
In the Dalian Commodity Exchange, the most active soybean oil contract climbed by 0.52%, while the palm oil contract saw a higher increase of 1.53%. Additionally, soybean oil prices on the Chicago Board of Trade (CBOT) inched up by 0.3%.
KPBN Tender Results (Tuesday, June 3, 2025) – Excluding VAT (Rp/kg):
Crude Palm Oil (CPO):
- Franco Belawan & Dumai: Rp13,386 – SMART, PAA
- Franco Teluk Bayur: Rp13,154 – WNI
- FOB Talang Duku: Rp13,097 – PAA
Crude Palm Kernel Oil (CPKO):
- Franco Dumai: Rp26,555 (WD); Highest bid: Rp24,675 – IBP
- Loco Palembang: Rp26,311 (WD); Highest bid: Rp23,975 – IKIN
- Loco Lampung: Rp26,481 (WD); Highest bid: Rp23,675 – IKIN
(P2)
