Significant Drop in CPO Tender Prices at KPBN on Tuesday (19/9)

Palm Oil Magazine
Doc. Palmoilmagazine.com

PALMOILMAGAZINE, JAKARTA – On Tuesday, September 19, 2023, the tender price for Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) decreased to Rp 10,771 per kilogram.

This represents a decrease of Rp 137 per kilogram compared to the tender price on Monday, September 18, 2023, which was Rp 10,838 per kilogram.

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According to information obtained from Palmoilmagazine.com, the CPO prices in different locations were as follows:

  • Belawan: Rp 10,771 per kilogram.
  • Dumai: Rp 10,771 per kilogram, with the highest withdrawal (WD) bid at Rp 10,670 per kilogram.
  • Talang Duku: Rp 10,571 per kilogram, with the highest WD bid at Rp 10,400 per kilogram.
  • Teluk Bayur: Rp 10,641 per kilogram.

Additionally, the price of Crude Palm Kernel Oil (CPKO) in Dumai was Rp 10,823 per kilogram.

Also Read : Another Decrease of CPO Tender at KPBN on September 8, 2023

Meanwhile, CPO trade at Malaysia Derivative Exchange also decreased. As quoted from Reuters, CPO reference contract price with the code FCPOc3 for December 2023 delivery at Malaysia Derivatives Exchange got cheaper RM 43 per ton or about 1,15% to be RM 3,706 (USD 790,36) per metric ton in the early trade. (T4)

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