PALMOILMAGAZINE, JAKARTA – The Crude Palm Oil (CPO) tender held at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) experienced a reduction, with prices falling to Rp 10.625 per kilogram on Tuesday, the 10th of October 2023.
This represents a decrease of Rp 152 per kilogram, equivalent to approximately 1.4%, when compared to the CPO price of Rp 10.777 per kilogram during the auction on Monday, the 9th of October 2023.
As per the information obtained by Palmoilmagazine.com from KPBN, the CPO price in Belawan and Dumai stood at Rp 10.625 per kilogram, in Teluk Bayur, it was Rp 10.495 per kilogram, and in Talang Duku, the price was Rp 10.425 per kilogram.
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Meanwhile, crude palm kernel oil (CPKO) in Sei Mangkei was Rp. 10.662/kg. In Palembang it was Rp. 10.400/Kg but in withdraw (WD) with the highest bid Rp 10.300/Kg.
CPO trade in Malaysia Derivatives Exchange decreased. As quoted from Reuters, CPO reference contract price with the code FCPOc3 for December2023 delivery at Malaysia Derivatives Exchange got cheaper RM 56 per ton or decreased about 1,55% to be RM 3,549 (US$ 750,00) per metric in the morning trade. (T2)