InfoSAWIT, JAKARTA – The crude palm oil (CPO) price at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 14,008/kg on Tuesday (Feb 4, 2025), marking a 0.65% decrease or approximately IDR 92/kg from Monday’s (Feb 3, 2025) price of IDR 14,100/kg.
According to information obtained by InfoSAWIT from KPBN, the CPO price for Franco Kuala Tanjung & Dumai was set at IDR 14,008/kg, while the CPO price in Talang Duku stood at IDR 13,818/kg.
Meanwhile, as reported by Reuters, Malaysian palm oil futures fell on Tuesday (Feb 4, 2025) after five consecutive sessions of gains. The decline was triggered by falling Chicago soybean oil futures, following news that the U.S. would delay imposing import tariffs on Mexico and Canada.
The benchmark palm oil contract FCPOc3 for April 2025 delivery on the Bursa Malaysia Derivatives Exchange dropped by RM 90 per ton, or about 2.06%, to RM 4,277 (US$ 960.04) per metric ton by the midday break.
Furthermore, soybean oil futures on the Chicago Board of Trade (BOcv1) fell by 3.48%. The Dalian Commodity Exchange was closed for the Lunar New Year and is scheduled to reopen on Wednesday.
KPBN Tender Results (IDR/Kg, Excl. VAT) for Tuesday (Feb 4, 2025):
CPO Prices
- Franco Kuala Tanjung & Dumai: IDR 14,008 – EOP, EUP
- FOB Talang Duku: IDR 13,818 – PRISCOLIN
- Franco Teluk Bayur: IDR 13,878 (WD), Highest Bid: IDR 13,686 – WIRA
(T2)