InfoSAWIT, JAKARTA – The price of crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at Rp 14,888/kg on Friday (February 14, 2025). This marks an increase of 0.58%, or approximately Rp 86/kg, compared to the CPO price on Thursday (February 13, 2025), which was Rp 14,802/kg.

According to information obtained by InfoSAWIT from KPBN, the CPO price for Franco Dumai was also set at Rp 14,888/kg.

The KPBN recorded a weekly price increase for palm oil during the period of February 10-14, 2025, reaching 4.2% to Rp 14,801.40/kg, which is an increase of Rp 596.80/kg compared to the CPO price during the period of February 3-7, 2025, which was Rp 14,204.60/kg.

As reported by Reuters, palm oil futures contracts on the Malaysian Exchange closed higher on Friday (February 14, 2025), marking the fourth consecutive weekly increase. This rise is attributed to lower stock levels supporting the market, despite concerns over demand and uncertainties surrounding Indonesia's mandatory biodiesel policy.

The benchmark palm oil contract FCPOc3 for April 2025 delivery on the Bursa Malaysia Derivatives Exchange rose by RM 41 per ton, or approximately 0.9%, to RM 4,595 (US$ 1,036.78) per metric ton at the close of the session. The palm oil contract price increased by 2.02% over the week.

The implementation of Indonesia's mandatory biodiesel program (B40) is expected to commence in March 2025, as stated by the Director General of EBTKE, Eniya Listiani Dewi. The B40 mandatory biodiesel program aims to reduce dependence on imported diesel fuel and is set to be fully implemented in March 2025 after delays earlier in the year.

Meanwhile, the most active soybean oil contract in Dalian (DBYcv1) rose by 0.13%, while the palm oil contract (DCPcv1) increased by 0.38%. Soybean oil prices on the Chicago Board of Trade (BOcv1) rose by 0.93%.

Here are the details of the KPBN Tender Results (Rp./Kg), Excluding VAT for the period of Friday (February 14, 2025): CPO____ Franco Dumai Rp. 14,888-AGM (T2)