InfoSAWIT, JAKARTA – The price of crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom is set at Rp 14,188/Kg on Tuesday, January 14, 2025, reflecting a decrease of 0.13% or a drop of approximately Rp 18/Kg compared to the CPO price on Monday, January 13, 2025, which was Rp 14,206/Kg.
According to information obtained by InfoSAWIT from KPBN, the CPO prices for Franco Belawan & Dumai are set at Rp 14,188/Kg.
Meanwhile, as reported by Reuters, the futures price of palm oil on the Malaysian Exchange fell on Tuesday, January 14, 2025, as investors took profits after two sessions of sharp increases due to declining palm oil stocks and rising crude oil prices.
The futures price of palm oil FCPOc3 for March 2025 delivery on the Malaysian Derivatives Exchange dropped RM 4 per ton or approximately 0.09%, to RM 4,496 (US$ 999.11) per metric ton at midday.
Referring to the Malaysian Palm Oil Council report, Malaysia's palm oil stocks fell for three consecutive months in December 2024, down 6.91% to 1.71 million metric tons, while crude palm oil production decreased by 8.3% and exports plummeted by 9.97%.
Cargo surveyors estimate that Malaysia's palm oil exports fell between 21.4% and 26.8% during the period of January 1 -10, 2025, compared to the previous month.
Meanwhile, soybean oil prices on the Chicago Board of Trade dropped by 0.57%. The most active soybean oil contract in Dalian rose by 1.51%, while the palm oil contract increased by 0.71%.
Here are the details of the KPBN Tender results (Rp./Kg), Excld PPN for the period of Tuesday, January 14, 2025:
CPO____
Franco Belawan & Dumai: Rp. 14,188-MM, IBP, AGM
Loco Sei Tapung: Rp. 13,949 (WD). Highest bid: Rp. 13,825-WNI
Loco Palembang: Rp. 14,038 (WD). Highest bid: Rp. 13,662-SAP
CPKO____
Belawan: Rp. 24,551-UNILEVER
Loco Palembang: Rp. 24,187 (WD). Highest bid: Rp. 23,735-IKIN
(T2)