InfoSAWIT, JAKARTA – The price of crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) was withdrawn (WD) with the highest offer at IDR 14,938/kg on Wednesday (February 12, 2025), marking a 1.34% increase or an increase of around IDR 198/kg compared to the CPO price on Tuesday (February 11, 2025), which reached IDR 14,740/kg.

According to information obtained by InfoSAWIT from KPBN, the CPO price for Franco Belawan & Dumai opened at IDR 15,000/kg but was withdrawn (WD) with the highest offer at IDR 14,938/kg. The CPO price in Teluk Bayur opened at IDR 14,870/kg, also withdrawn (WD) with the highest offer at IDR 14,788/kg.

As reported by Reuters, palm oil futures prices on the Malaysian Exchange rose more than 2% on Wednesday, following increases in other vegetable oil prices and supported by reports in the US regarding global agricultural demand and supply estimates.

The April 2025 palm oil futures contract (FCPOc3) on the Malaysian Derivatives Exchange rose RM 102 per ton, or approximately 2.22%, to RM 4,695 (USD 1,051.28) per metric ton at midday.

Meanwhile, the most active soybean oil contract in Dalian (DBYcv1) fell by 0.42%, while the palm oil contract (DCPcv1) rose by 1.19%. Soybean oil prices on the Chicago Board of Trade (BOcv1) increased by 0.67%.

Here are the details of the KPBN Tender Results (IDR/kg), Excld VAT for the period of Wednesday (February 12, 2025): CPO_____ Franco Belawan & Dumai IDR 15,000 (WD). Highest offer IDR 14,938-MM, IBP Franco Teluk Bayur IDR 14,870 (WD). Highest offer IDR 14,788-WIRA FOB Talang Duku IDR 14,800 (WD). Highest offer IDR 14,738-MM

CPKO_____ Franco Belawan IDR 25,145 (WD). Highest offer IDR 24,630-SDS Loco Palembang IDR 24,781 (WD). Highest offer IDR 23,725-IKIN

(T2)