InfoSAWIT, JAKARTA – The price of crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom is set at IDR 15,275/kg on Thursday (February 20, 2025), marking an increase of 0.89% or an increase of around IDR 135/kg compared to the CPO price on Wednesday (February 19, 2025), which reached IDR 15,140/kg.

According to information obtained by InfoSAWIT from KPBN, the CPO price for Franco Kuala Tanjung & Dumai is set at IDR 15,275/Kg.

As reported by Reuters, palm oil futures prices on the Malaysian Exchange fell on Thursday (February 20, 2025), weighed down by profit-taking, while traders awaited clarity on Indonesia's potential revision of its palm oil export levies.

The May 2025 palm oil futures contract on the Malaysian Derivatives Exchange fell by RM 15 per ton, or about 0.32%, to RM 4,657 (US$ 1,051.72) per metric ton at midday. The contract price had risen by 3.73% in the previous session.

Anilkumar Bagani, Head of Commodity Research at Sunvin Group based in Mumbai, stated that there is market speculation regarding Indonesia's export restrictions on palm oil ahead of Ramadan and the possibility of India raising its import tax on vegetable oils from 10% to 15%, which is also causing fluctuations in the market.

The most active soybean oil contract in Dalian rose by 0.48%, while its palm oil contract increased by 2.15%. Soybean oil prices on the Chicago Board of Trade rose by 0.3%.

Here are the details of the KPBN Tender results (IDR/Kg), Excld VAT for the period of Thursday (February 20, 2025): CPO_____ Franco Kuala Tanjung & Dumai IDR 15,275-PHPO, EOP, PAA Loco Ngabang IDR 14,925 (WD). Highest bid IDR 14,903-EUP Loco Parindu IDR 14,925 (WD). Highest bid IDR 14,903-EUP

CPKO_____ Loco Palembang IDR 25,346 (WD). Highest bid IDR 22,850-SAP. (T2)