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CPO Prices at KPBN Inacom Drop by 1.22 Percent on January 16, CPO Prices in Malaysia Plummet



Doc. of InfoSAWIT/The office of PT. Kharisma Pemasaran Bersama Nusantara (KPBN).
CPO Prices at KPBN Inacom Drop by 1.22 Percent on January 16, CPO Prices in Malaysia Plummet

InfoSAWIT, JAKARTA – The price of crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom experienced a withdrawal (WD) with the highest offer at Rp 13,712/Kg on Thursday (January 16, 2025), marking a decrease of 1.22% or a drop of approximately Rp 169/Kg compared to the highest CPO price on Wednesday (January 14, 2025), which reached Rp 13,881/Kg.

According to information obtained by InfoSAWIT from KPBN, the price of CPO in Franco Dumai is set at Rp 13,712/Kg. The price in Belawan opened at Rp 13,712/Kg but experienced a withdrawal (WD) with the highest offer at Rp 13,681/Kg.

Meanwhile, as reported by Reuters, palm oil futures prices on the Malaysian Exchange plummeted to their lowest level in three months on Thursday (January 16, 2025), dragged down by falling prices of other vegetable oils and low exports in the first half of January.

The April 2025 palm oil futures contract on the Malaysian Derivatives Exchange fell by 61 ringgit, or 1.43%, to 4,207 ringgit ($935.93) per metric ton by midday.

Referring to cargo surveyors Intertek Testing Services and independent inspection company AmSpec Agri Malaysia, Malaysia's palm oil product exports during January 1-15 are estimated to have declined between 15.5% and 23.7%.

The price of soybean oil on the Chicago Board of Trade fell by 0.88%. The most active soybean oil contract in Dalian dropped by 0.72%, while the palm oil contract decreased by 1.81%.

Here are the details of the KPBN Tender results (Rp./Kg), Excld VAT for the period of Thursday (January 16, 2025):

CPO_____ Franco Belawan Rp. 13,712 (WD). Highest offer Rp. 13,681-BEST Franco Dumai Rp. 13,712-AGM Loco Sei Tapung Rp. 13,473 (WD). Highest offer Rp. 13,075-WNI Franco Teluk Bayur Rp. 13,582 (WD). Highest offer Rp. 13,380-WIRA FOB Talang Duku Rp. 13,512-AGM Loco Palembang Rp. 13,562 (WD). Highest offer Rp. 12,985-SAP

CPKO_____ Loco Lampung Rp. 24,120 (WD). Highest offer Rp. 20,001-KLKD Loco Palembang Rp. 23,977 (WD). Highest offer Rp. 23,025-IKIN

(T2)

 


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