PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) experienced an increase, reaching Rp 10,777 per kilogram on Monday, October 9, 2023.
This represents an improvement of Rp 147 per kilogram compared to the tender held on Friday, October 6, 2023, which was priced at Rp 10,630 per kilogram.
According to information obtained by Palmoilmagazine.com from KPBN, the CPO price in Belawan and Dumai also stood at Rp 10,777 per kilogram. However, it had been declining in price over the previous week. In Talang Duku, the price was Rp 10,577 per kilogram, and in Teluk Bayur, it was Rp 10,647 per kilogram.
Meanwhile, CPO trade at Malaysia Derivatives Exchange got increased. As quoted from Reuters, CPO contract price with the code FCPOc3 for December 2023 delivery at Malaysia Derivatives Exchange increased RM 48 ringgit per ton or about 1,33% to be RM 3,648 (US$ 772,88) per metric ton in the early session. (T2)