InfoSAWIT, JAKARTA – The price of crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 14,964/kg on Monday, November 25, 2024. This marks a 1.02% increase, or approximately IDR 151/kg, compared to Friday's (November 22, 2024) highest offer price of IDR 14,813/kg.
According to information obtained by InfoSAWIT from KPBN, the CPO price for Franco Dumai was recorded at IDR 14,964/kg, while prices at Talang Duku and Sei Tapung stood at IDR 14,764/kg and IDR 14,725/kg, respectively.
Meanwhile, as reported by Reuters, Malaysian palm oil futures rose on Monday, November 25, 2024, after three consecutive sessions of decline. This increase was supported by strengthening prices of other vegetable oils and expectations that Indonesia might raise its palm oil export tax and levy in December.
The benchmark palm oil contract (FCPOc3) for February delivery on the Bursa Malaysia Derivatives Exchange climbed by RM 54 per ton, or approximately 1.16%, closing at RM 4,696 (USD 1,055.76) per metric ton.
“Malaysian palm oil futures opened higher following a recovery in other vegetable oil prices during Asian trading hours,” said Anilkumar Bagani, Head of Research at Sunvin Group.
In related markets, the most active Dalian soybean oil contract (DBYcv1) fell slightly by 0.02%, while Dalian palm oil futures (DCPcv1) gained 1.15%. Soybean oil prices on the Chicago Board of Trade (BOcv1) also rose by 0.91%.
KPBN Tender Results (IDR/kg, excluding VAT) – Monday, November 25, 2024
- Franco Dumai: IDR 14,964 - WNI
- Talang Duku: IDR 14,764 - WNI
- Sei Tapung: IDR 14,725 - WNI
- Teluk Bayur: IDR 14,834 - WNI
(T2)
