KPBN CPO Tender on October 11, 2023 Records 0.38% Increase

Palm Oil Magazine
Doc. KPBN

PALMOILMAGAZINE, JAKARTA – The Crude Palm Oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) saw an increase to Rp 10,666 per kilogram on Wednesday, October 11, 2023.

This represented an improvement of Rp 41 per kilogram, or roughly 0.38%, compared to the Tuesday, October 10, 2023 tender, which stood at Rp 10,625 per kilogram.

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As per information obtained from Palmoilmagazine.com, the CPO price in Belawan and Dumai was Rp 10,625 per kilogram, excluding income tax.

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Furthermore, CPO trading at the Malaysia Derivatives Exchange experienced an increase. According to Reuters, the CPO contract price with the code FCPOc3 for delivery in December 2023 at the Malaysia Derivatives Exchange rose by RM 27 per ton, approximately 0.76%, reaching RM 3,592 (equivalent to US$ 760.21) per metric ton during the early trading session. (T2)

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