InfoSAWIT, JAKARTA – The price of crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 14,850/kg on Monday, February 17, 2025, marking a decrease of 0.26% or a drop of approximately IDR 38/kg compared to the CPO price on Friday, February 14, 2025, which reached IDR 14,888/kg.

According to information obtained by InfoSAWIT from KPBN, the CPO price for Franco Belawan/Kuala Tanjung/Dumai was set at IDR 14,850/kg, while the CPO price for Franco Sei Tapung was set at IDR 14,611/kg.

As reported by Reuters, palm oil futures prices on the Malaysian Exchange closed higher on Monday, February 17, 2025, recovering from previous session losses, while the decline in soybean oil prices and predictions of lower palm oil exports for the first two weeks of February limited the increase.

The May 2025 palm oil futures contract on the Malaysian Derivatives Exchange rose by RM 40 per ton, or approximately 0.89%, closing at RM 4,539 (USD 1,024.14) per metric ton. The palm oil contract price recorded an increase of 0.83% on Friday.

Earlier in the midday session, crude palm oil futures were traded lower due to weakness in the soybean oil market and weaker palm oil export performance in Malaysia for the first half of February, according to Anilkumar Bagani, Head of Commodity Research at Sunvin Group based in Mumbai.

The most active Dalian soybean oil contract fell by 0.93%, while the palm oil contract rose by 0.58%. The Chicago Board of Trade (CBOT) was closed due to a public holiday.

Here are the details of the KPBN Tender Results (IDR/kg), Excld VAT for the period of Monday, February 17, 2025:

CPO______ Franco Belawan/Kuala Tanjung/Dumai IDR 14,850-AGM, BEST Sei Tapung IDR 14,611-WNI Ngabang IDR 14,850 (WD). Highest bid IDR 14,311-EUP Parindu IDR 14,500 (WD). Highest bid IDR 14,311-EUP (T2)