PALMOILMAGAZINE, JAKARTA – On Thursday, October 12, 2023, the crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) rose to Rp 10,745/kg, marking a Rp 79/kg increase or a 0.73% improvement compared to the Tuesday, October 10, 2023, tender, which was at Rp 10,666/kg.
What Palmoilmagazine.com got from KPBN, CPO in Franco Belawan and Dumai was Rp 10.666/Kg. In Talang Duku it was Rp. 10.545/kg.
Meanwhile, Crude palm kernel oil (CPKO) in Palembang was Rp. 10.400/kg but in withdraw (WD) with the highest bid Rp. 10.200/kg. CPKO in Lampung was Rp. 10.543/kg, but in WD with the highest bid Rp. 10.300/kg.
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CPO trade at Malaysia Derivatives Exchange got increased. As quoted from Reuters, CPO reference price contract with the code FCPOc3 for December 2023 delivery at Malaysia Derivatives Exchange increased RM 35 per ton or about 0,99% to be RM 3,586 (US$ 759,42) per metric ton in the early session.
The Government of Indonesia would launch CPO exchange on Friday (13/10/2023) but it is not the obligation to get trade through the exchange, as quoted from Reuters. (T2)