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CPO Prices Rise at KPBN Inacom While Malaysian Market Declines



Doc. of InfoSAWIT/The office of PT. Kharisma Pemasaran Bersama Nusantara (KPBN).
CPO Prices Rise at KPBN Inacom While Malaysian Market Declines

InfoSAWIT, JAKARTA - The price of crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 14,858/kg on Tuesday (December 24, 2024), marking a 0.9% increase or an increase of approximately IDR 132/kg compared to the CPO price on Monday (December 23, 2024), which was IDR 14,726/kg.

According to information obtained by InfoSAWIT from KPBN, the price of CPO Franco Dumai was set at IDR 14,858/kg.

Referring to KPBN's information, the last tender for palm oil commodities was held on Tuesday ( December 24, 2024), and will resume on Friday, January 3, 2025.

Meanwhile, as reported by Reuters, the price of palm oil futures contracts on the Malaysian Exchange fell on Tuesday, December 24, 2024, as traders booked profits ahead of the Christmas holiday. The benchmark palm oil contract FCPOc3 for March 2025 delivery on the Malaysia Derivatives Exchange dropped RM 28 per ton, or approximately 0.62%, to RM 4,514 per metric ton at midday.

Palm oil futures prices traded sideways-to-lower due to profit-taking ahead of the Christmas holiday, said Anilkumar Bagani, Head of Commodity Research at Sunvin Group. The palm oil contract had risen 2.46% on Monday, ending a six-session losing streak.

Indonesia's plan to expand its biodiesel mandate starting January 1 appears increasingly likely to be implemented gradually, analysts noted last Wednesday, as industry players seek a phased approach.

The most active soybean oil contract on Dalian DBYcv1 rose 0.87%, while the palm oil contract DCPcv1 increased by 1.24%. The soybean oil price on the Chicago Board of Trade BOcv1 fell by 1.06%.

Here are the details of the KPBN Tender results (IDR/kg), Excld VAT for the period of Tuesday, December 24, 2024: CPO_____ Dumai IDR 14,858-WNI (T2)


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