Steady CPO Tender Results at KPBN on August 30, 2023

PALMOILMAGAZINE, JAKARTA – In the CPO tender conducted by PT. Kharisma Pemasaran Bersama Nusantara (KPBN) on Wednesday, August 30, 2023, the price for crude palm oil (CPO) remained consistent at Rp 11,220/kg. This maintained price parity with the previous day’s tender on Tuesday, August 29, 2023, which also registered at Rp 11,220/kg.

According to information sourced from KPBN, CPO rates stood at Rp 11,220/kg in both Belawan and Dumai. However, in Talang Duku, the rate was slightly lower at Rp 11,060/kg. Notably, during the withdrawal process, the highest bid for CPO was Rp 10,958/kg.

CPO trade at Malaysian Exchange got increasing. As quoted from Reuters, CPO reference contract price with the code FCPOc3 for November 2023 delivery at Malaysia Derivatives Exchange increased RM 9 or about 0,23% to be RM 3,939 (US$ 849,84) per metric tons in the early session.

Also Read :

• CPO Tender at KPBN on 25 July 2023 Increased to be Rp 11.155
• Decline in CPO Tender Prices at KPBN on 28 July 2023

Here are the CPO tenders at KPBN (Rp./Kg), excluded income tax on Wednesday (30/8/2023):

• Franco Belawan and Dumai Rp. 11.260 (WD) with the highest bid Rp. 11.220-ACI
• Talang Duku Rp. 11.060 (WD) with the highest bid Rp. 10.958-WNI

(T2)