InfoSAWIT, JAKARTA – The price of crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 14,100/kg on Monday (February 3, 2025), marking an increase of 1.52% or approximately IDR 211/kg compared to the CPO price on Friday (January 31, 2025), which was IDR 13,889/kg.
According to information obtained by InfoSAWIT from KPBN, the CPO price for Franco Kuala Tanjung & Dumai was set at IDR 14,100/kg, while the price for CPO in Talang Duku was set at IDR 13,900/kg.
Meanwhile, as reported by Reuters, palm oil futures contracts on the Malaysian Exchange closed higher for the fifth consecutive session on Monday (February 3, 2025), supported by stronger Chicago soybean oil prices and rising crude oil prices.
The price of palm oil for April 2025 delivery on the Malaysian Derivatives Exchange rose by RM 84 per ton, or approximately 1.96%, closing at RM 4,373 ($978.30) per metric ton. This price reflects a 2.36% increase over the last four sessions.
Anilkumar Bagani, Head of Commodity Research at Sunvin Group based in Mumbai, stated that crude palm oil (CPO) futures prices rose slightly, driven by spillover gains from soybean oil prices on the Chicago Exchange from last Friday and during Asian trading hours.
Soybean oil futures contracts on the Chicago Board of Trade (CBOT) increased by 2.15%. The Dalian Commodity Exchange was closed from January 28 to February 4 for the Lunar New Year holiday.
Here are the details of the KPBN Tender results (IDR/kg), excluding VAT for the period of Monday (February 3, 2025):
CPO_____
Franco Kuala Tanjung & Dumai: IDR 14,100 - MNA, WNI
FOB Talang Duku: IDR 13,900 - WNI
Franco Teluk Bayur: IDR 13,970 (WD). Highest bid: IDR 13,954 - WNI
CPKO_____
Loco Palembang: IDR 23,605 (WD). Highest bid: IDR 22,925 - IKIN
(T2)