PALMOILMAGAZINE, JAKARTA – The tender price for Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) saw an increase, reaching Rp 11.063 per kilogram on Monday, October 16, 2023.
This marks an improvement of Rp 108 per kilogram, equivalent to approximately 0.97%, when compared to the tender price on Friday, October 13, 2023, which stood at Rp 10.955 per kilogram, excluded income tax.
According to information obtained by Palmoilmagazine.com from KPBN, the price of CPO in Belawan and Dumai also reached Rp 11.063 per kilogram.
Also Read : KPBN CPO Tender on October 11, 2023 Records 0.38% Increase
Meanwhile, in the Malaysia Derivatives Exchange, CPO trading experienced a decline. As reported by Reuters, the reference contract for CPO with the code FCPOc3, set for January 2024 delivery at the Malaysia Derivatives Exchange, decreased by RM 14 per ton, or approximately 0.37%, settling at RM 3,745 (US$ 790.08) per metric ton in the early trading session. (T2)
