PALMOILMAGAZINE, JAKARTA – The Crude Palm Oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) witnessed a decrease, reaching Rp 10,891 per kilogram on Friday (8/9/2023).
This marked a reduction of Rp 44 per kilogram compared to the previous day’s tender on Thursday (7/9/2023), which was at Rp 10,935 per kilogram.
According to information obtained by Palmoilmagazine.com from KPBN, the CPO price in Belawan and Dumai also stood at Rp 10,891 per kilogram.
Meanwhile, in Talang Duku, it was priced at Rp 10,691 per kilogram. However, during the withdrawal (WD) phase, the highest bid was recorded at Rp 10,553 per kilogram.
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Crude palm kernel oil (CPKO) in Sei Mangkei was Rp 11.206/kg but in WD with the highest bid Rp 11.050/kg.
CPO trade at Malaysia Derivatives Exchange got weekly decreasing price. As quoted from Reuters, CPO reference contract price with the code FCPOc3 for November 2023 delivery at Malaysia Derivatives Exchange got cheaper RM 46 or 1,2% to be RM 3.786 (US$ 810,01) per metric ton in the early trade and became the lowest price for the past four weeks.
Here are tenders at Tender KPBN (Rp./Kg), excluded income tax on Friday (8/9/2023):
Franco Belawan and Dumai Rp. 10.891-KJA, ACI
Talang Duku Rp. 10.691 (WD) with the highest bid Rp. 10.553-PHPO
Sei Mangkei Rp. 11.206 (WD) with the highest bid Rp. 11.050-MNA