InfoSAWIT, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 13,750/kg on January 30, 2025, marking a 0.53% increase or approximately IDR 145/kg compared to the CPO price of IDR 13,605/kg on January 24, 2025.
According to information obtained by InfoSAWIT from KPBN, the price of CPO Franco Dumai was set at IDR 13,750/kg, while the price in Talang Duku was set at IDR 13,550/kg, and in Palembang at IDR 13,600/kg.
Meanwhile, as reported by Reuters, palm oil futures prices on the Malaysian Exchange closed higher on January 28, 2025, recovering from previous losses, despite sluggish demand from major markets, uncertainty over Indonesia's export levels, and slight improvements in domestic production limiting the increase.
The benchmark palm oil contract for April 2024 delivery on the Malaysian Derivatives Exchange rose by RM 64 per ton, or approximately 1.52%, to RM 4,282 (USD 975.84) per metric ton at the close of the session.
The contract price increased by 0.67% over the last two sessions. Palm oil futures prices have been pressured by a slight recovery in palm oil production and uncertainty over Indonesia's export duty rates, according to Anilkumar Bagani, Head of Commodity Research at Sunvin Group based in Mumbai.
Here are the details of the KPBN Tender results (IDR/kg), excluding VAT for the period of January 30, 2025:
CPO_____
Franco Dumai: IDR 13,750
FOB Talang Duku: IDR 13,550
Franco Teluk Bayur: IDR 13,620 (WD). Highest bid: IDR 13,485
FOB Palembang: IDR 13,600
CPKO_____
Franco Belawan: IDR 23,929
Loco Palembang: IDR 23,565 (WD). Highest bid: IDR 22,925
(T2)