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CPO Prices at KPBN Inacom Drop 1.06% on January 22, Malaysian CPO Prices Weaken



Doc. of InfoSAWIT/The office of PT. Kharisma Pemasaran Bersama Nusantara (KPBN).
CPO Prices at KPBN Inacom Drop 1.06% on January 22, Malaysian CPO Prices Weaken

InfoSAWIT, JAKARTA – The price of crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at Rp 13,670/kg on Wednesday (January 22, 2025), marking a 1.06% decrease or a drop of approximately Rp 146/kg compared to the CPO price on Tuesday (January 21, 2025), which reached Rp 13,816/kg.

According to information obtained by InfoSAWIT from KPBN, the CPO prices for Franco Belawan, Kuala Tanjung & Dumai are set at Rp 13,670/kg. The price for CPO in Talang Duku is set at Rp 13,470/kg, while in Teluk Bayur, it is set at Rp 13,540/kg.

Meanwhile, as reported by Reuters, palm oil futures prices on the Malaysian Exchange halted a three-session price rally on Wednesday (January 22, 2025), weighed down by cargo surveyor data indicating weak export demand and a stronger ringgit currency.

The April 2025 palm oil futures contract on the Malaysian Derivatives Exchange fell RM 46 per ton, or approximately 1.08%, to RM 4,214 (US$ 948.46) per metric ton at midday.

According to cargo surveyors Intertek Testing Services and independent inspection company AmSpec Agri Malaysia, Malaysia's palm oil product exports for January 1-20 are estimated to have decreased between 18.2% and 23%. Meanwhile, the Malaysian ringgit, the currency used for palm oil trade, strengthened by 0.74% against the US dollar. The stronger ringgit makes palm oil less attractive to foreign currency holders.

In contrast, the most active Dalian soybean oil contract rose by 0.16%, while the palm oil contract fell by 0.47%. Soybean oil on the Chicago Board of Trade increased by 0.09%.

Here are the details of the KPBN Tender results (Rp./Kg), Excluding VAT for the period of Wednesday (January 22, 2025): CPO_____ Franco Belawan, Kuala Tanjung & Dumai Rp. 13,670-EOP, UOCI, EUP. FOB Talang Duku Rp. 13,470-PSCOI Franco Teluk Bayur Rp. 13,540-WNI Loco Palembang Rp. 13,520 (WD). Highest bid Rp. 13,403-SDS

CPKO_____ Loco Palembang Rp. 23,762 (WD). Highest bid Rp. 22,850-SAP.

(T2)

 


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