CPO Auction at KPBN Records Decrease of Rp 97/Kg on August 23, 2023

Palm Oil Magazine
Doc. Sawit Fest 2021 / Muhammad Ridho Hardiansyah

PALMOILMAGAZINE, JAKARTA – During the CPO tender held at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) on Wednesday (23/8/2023), the price witnessed a decline, settling at Rp 11,043/kg. This marked a notable reduction of Rp 97/kg in comparison to the previous day’s tender on Tuesday (22/8/2023), where the price had stood at Rp 11,140/kg.

This fluctuation in CPO prices underscores the dynamic nature of the market and its response to various factors influencing supply and demand.

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It happened the same with CPO trade at Malaysia Exchange. As quoted from Reuters, CPO contract price reference with the code FCPOc3 for November 2023 delivery at Malaysia Derivatives Exchange decreased RM 32 or about 0,83% to be RM 3.834 (US$ 824,34) per metric ton in the early session, decreased for the second day in a row.

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What Palmoilmagazine.com got from KPBN, CPO in Belawan and Dumai was Rp 11.043/Kg. In Talang Duku it was Rp. 10.893/Kg but in withdraw (WD) with the highest bid Rp 10.755/Kg.

Crude palm kernel oil (CPKO) in Sei Mangkei was Rp. 11.155/Kg but in WD with the highest bid Rp 10.730/Kg. In Palembang it was Rp. 10.893/Kg but in WD with the highest bid Rp 10.175/Kg.

Here are tenders at KPBN (Rp./Kg), excluded income tax on Wednesday (23/8/2023):

CPO________

Franco Belawan and Dumai Rp. 11.043-MM, IBP

Talang Duku Rp. 10.893 (WD) with the highest bid Rp. 10.755-EUP

 

CPKO________

Sei Mangkei Rp. 11.155 (WD) with the highest bid Rp. 10.730-MM

Palembang Rp. 10.893 (WD) with the highest bid Rp. 10.175-IKIN

(T2)

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