InfoSAWIT, JAKARTA – The price of crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 14,150/kg on Wednesday (February 5, 2025), marking a 1.01% increase or an increase of approximately IDR 142/kg compared to the CPO price on Tuesday (February 4, 2025), which reached IDR 14,008/kg.

According to information obtained by InfoSAWIT from KPBN, the price of CPO Franco Belawan, Kuala Tanjung & Dumai is set at IDR 14,150/kg. The price of CPO in Talang Duku is set at IDR 13,950/kg.

Meanwhile, as reported by Reuters, the palm oil futures contract price on the Malaysian Exchange closed higher on Wednesday (February 5, 2025), driven by stronger vegetable oil contract prices on the Dalian Exchange, while traders are optimistic about the resumption of palm oil demand from India.

The benchmark palm oil contract price for April 2025 delivery on the Malaysian Derivatives Exchange rose RM 24 per ton, or an increase of approximately 0.56%, to RM 4,332 ringgit per metric ton at the close of trading.

Anilkumar Bagani, Head of Commodity Research at Sunvin Group based in Mumbai, revealed that market players are optimistic that India will continue to purchase palm oil to replenish its stocks after the country's palm oil imports hit a low in January.

Meanwhile, the most active Dalian soyoil contract price rose by 2.97%, while the palm oil contract price increased by 3.04%. The price of soybean oil on the Chicago Board of Trade fell by 0.7%.

Here are the details of the KPBN Tender Results (IDR/kg), Excluding VAT for the period of Wednesday (February 5, 2025): CPO_____ Franco Belawan, Kuala Tanjung & Dumai IDR 14,150-EOP, WNI FOB Talang Duku IDR 13,950-PRISCOLIN Franco Teluk Bayur IDR 14,020 (WD). Highest bid IDR 13,973-WNI

CPKO_____ Belawan, Kuala Tanjung IDR 24,552 (WD). Highest bid IDR 24,035-MM Betung IDR 24,188 (WD). Highest bid IDR 23,335-IKIN

(T2)