PALMOILMAGAZINE, JAKARTA – The PT. Kharisma Pemasaran Bersama Nusantara (KPBN) CPO tender dropped to Rp 11,125/kg on Tuesday (5/9/2023), marking a decrease of Rp 55/kg compared to the Monday (4/9/2023) tender, which stood at Rp 11,180/kg.
According to information obtained by Palmoilmagazine.com from KPBN, the CPO price was Rp 11,180/kg in Belawan and Dumai, while in Talang Duku, it was Rp 10,925/kg.
Meanwhile, crude palm kernel oil (CPKO) in Sei Mangkei was priced at Rp 11,411/kg, but during withdrawal (WD), the highest bid was Rp 11,000/kg.
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CPO trade in Malaysia Derivatives Exchange got cheaper. As quoted from Reuters, CPO reference contract with the code (FCPOc3) for November 2023 delivery at Malaysia Derivatives Exchange decreased RM 52 or about 1,28% to be RM 3,935 (US$ 845,15) per metric tons in the early session.
Here are tenders at KPBN (Rp./Kg), excluded income tax on Tuesday (5/9/2023):
Franco Belawan and Dumai Rp. 11.125-MNA, WNI
Talang Duku Rp. 10.925-WNI
Sei Mangke Rp. 11.411 (WD) with the highest bid Rp. 11.000-PMI