Increased Rp 70/Kg, CPO Price at KPBN Tender on 25 August 2023

Palm Oil Magazine
Doc. Palmoilmagazine.com

PALMOILMAGAZINE, JAKARTA – The tender price of Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) rose to Rp 11,255/kg on Friday, August 25, 2023.

This marks an improvement of Rp 70/kg from the previous Thursday’s tender price of Rp 11,185/kg on August 24, 2023.

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As quoted from InfoSAWIT , CPO in Belawan and Dumai was Rp 11.255/Kg. In Talang Duku it was Rp. 11.105/Kg but in withdraw (WD) with the highest bid Rp 10.975/Kg. Crude palm kernel oil (CPKO) in Sei Mangkei was Rp. 11.160/Kg.

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

The increasing CPO price trade at Malaysia Derivative Exchange, CPO reference contract price with the code FCPOc3 for November 2023 delivery at Malaysia Derivatives Exchange increased RM 21 or about 0,54% to be RM 3,902 (US$ 839,14) per metric ton in the early session. For this week, CPO contract price increased about 1% as quoted from Reuters.

Here are tenders at KPBN (Rp./Kg), excluded income tax on Friday (25/8/2023):

CPO________

Franco Belawan and Dumai Rp. 11.255-BEST, IBP, PAA

Talang Duku Rp. 11.105 (WD), with the highest bid Rp. 10.975-EUP

CPKO_______

Sei Mangke Rp. 11.160-AGJ (T2)

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