InfoSAWIT, JAKARTA – The price of crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom is set at IDR 13,725/kg on Friday (January 17, 2025), marking an increase of 0.93% or a decrease of around IDR 140/kg compared to the CPO price on Friday (January 17, 2025), which reached IDR 13,585/kg.
According to information obtained by InfoSAWIT from KPBN, the price of CPO Franco Belawan and Dumai is set at IDR 13,725/Kg. The price of CPO in Talang Duku is set at IDR 13,525/Kg.
The KPBN CPO price recorded a weekly price decline for the period of January 13-17, 2025, reaching 0.52% to IDR 13 ,914.40/kg compared to the CPO price for the period of January 6-10, 2025, which was IDR 13,987.40/kg.
Meanwhile, as reported by Reuters, the futures price of palm oil on the Malaysian Exchange rose for the second session on Monday, January 20, 2025, supported by the strengthening of vegetable oil prices on the Dalian Exchange, which are cheaper, while market participants await the release of Malaysia's palm oil export data for the period of January 1-20.
The futures price of palm oil FCPOc3 for April 2025 delivery on the Malaysian Derivatives Exchange rose RM 55 per ton or an increase of about 1.31%, reaching RM 4,245 (US$ 943.75) per metric ton at midday. It was noted that the futures price of palm oil had decreased by 4.51% in the previous week.
India's palm oil imports fell to their lowest level in nearly five years in January, affected by negative refining margins as the premium of the tropical oil over its competitors pushed buyers towards more competitively priced soybean oil, according to government and industry officials speaking to Reuters.
However, demand from India may improve ahead of the Islamic holiday of Ramadan, said Anilkumar Bagani, Head of Commodity Research at Sunvin Group.
Meanwhile, the most active Dalian soybean oil contract DBYcv1 rose by 1.72%, while the palm oil contract DCPcv1 increased by 1.39%. The Chicago Board of Trade was closed on Monday due to a holiday.
Here are the details of the KPBN Tender results (IDR/Kg), Excld VAT for the period of Monday, January 20, 2025: CPO_____ Franco Belawan & Dumai IDR 13,725-ACI, EOP, AGM, WNI FOB Talang Duku IDR 13,525-PSCOI Loco Palembang IDR 13,575 (WD). Highest bid IDR 13,488-SAP
CPKO_____ Palembang IDR 24,027 (WD). Highest bid IDR 22,000-ECG
(T2)