The Price Increase in CPO Tender at KPBN on August 24, 2023

Palm Oil Magazine
Doc. Sawit Fest 2021 / Atqiyaudin Basar

PALMOILMAGAZINE, JAKARTA – The Crude Palm Oil (CPO) tender held by PT. Kharisma Pemasaran Bersama Nusantara (KPBN) witnessed an increase to Rp 11,185/kg on Wednesday, August 23, 2023. This marked an improvement of Rp 142/kg compared to the preceding Tuesday’s tender on August 22, 2023, which stood at Rp 11,043/kg.

As quoted from InfoSAWIT, the CPO prices were as follows: in Belawan and Dumai, the price reached Rp 11,185/kg. Meanwhile, in Talang Duku, the rate was Rp 11,035/kg, and in the withdrawal (WD) category, it garnered the highest bid at Rp 10,945/kg. In Teluk Bayur, the price settled at Rp 11,055/kg.

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Crude palm kernel oil (CPKO) in Sei Mangkei was Rp. 11.067/Kg but in WD with the highest bid Rp 10.750/Kg.

Also Read : CPO Tender at KPBN on 1 August 2023 Down

The increasing price happened in CPO trade at Malaysia Exchange. As quoted from Reuters, CPO contract reference with the code FCPOc3 for November 2023 delivery at Malaysia Derivatives Exchange increased RM 86 or about 2,22% to be RM 3,915 (US$ 843,75) per metric ton in the early session. It cut off the losses in the previous session.

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

CPO_________

Franco Belawan and Dumai Rp. 11.185-MM, EOP, WNI

Teluk Bayur Rp. 11.055-WNI

Talang Duku Rp. 11.035 (WD) with the highest bid Rp. 10.945-EUP

CPKO_________

Sei Mangkei Rp. 11.067 (WD) with the highest bid Rp. 10.750-AGJ

(T2)

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