Palmoilmagazine, JAKARTA – On Monday (12/6/2023), the tender for crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) experienced a decline, with the price dropping to Rp 9,825 per kilogram. This marked a decrease of Rp 125 per kilogram compared to the previous Friday’s tender (9/6/2023) when the price stood at Rp 9,950 per kilogram.
The price drop in CPO tenders reflects the current market conditions and supply-demand dynamics. Factors such as changes in production levels, global market trends, and other economic factors can influence the pricing of CPO.
Read more : CPO Price at Malaysia Exchange Increased 3,8 Percent
What Palmoilmagazine.com got from KPBN, in Dumai it was Rp 9.825/Kg. CPO in Belawan was Rp 9.825/Kg but in withdraw (WD) with the highest bid Rp 9.750/kg. In Talang Duku it was Rp9.675/Kg but in WD with the highest bid Rp 9.625/kg.
This was the same with CPO trade in Bursa Malaysia Derivative Exchange. CPO reference contract with the code FCPOc3 for August 2023 deliver at Bursa Malaysia Derivatives Exchange got cheaper RM 25 or 0,74% to be RM 3.342 per metric tons in the early session.
This happened for the traders waited for export data on 1 – 10 June to plan the next steps. It was projected that CPO exports from Malaysia decreased in the period.
Here are CPO tenders at KPBN (Rp/Kg) excluded income tax on Monday (12/6/2023):
- Franco Belawan Rp 9.825 (WD) with the highest bid Rp 9.750-SMART.
- Dumai Rp 9.825-EUP
- Talang Duku Rp 9.675 (WD) with the highest bid Rp 9.625-EUP. (T2)
