1.8% Drop in CPO Tender Prices at KPBN on October 24, 2023

PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) dipped to Rp 10,900/kg on Tuesday (10/24/2023), marking a reduction of Rp 200/kg or approximately 1.8% compared to the previous Monday’s (10/22/2023) tender, which was priced at Rp 11,100/kg.

As per the data obtained by Palmoilmagazine.com from KPBN, CPO prices were as follows: Franco Belawan and Dumai: Rp 10,900/kg, Siak: Rp 10,780/kg, with a withdrawal (WD) option at the highest bid of Rp 10,510/kg, Teluk Bayur: Rp 10,770/kg and Talang Duku: Rp 10,700/kg

In the case of crude palm kernel oil (CPKO), the prices were reported as: Dumai: Rp 11,006/kg, with a WD option at the highest bid of Rp 10,810/kg and Lampung: Rp 10,785/kg, with a WD option at the highest bid of Rp 10,500/kg.

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Here’s a concise recap of the KPBN tenders on Tuesday (10/24/2023), excluding income tax:

CPO (Rp./Kg):

– Franco Belawan and Dumai: Rp 10,900 – SMART, PAA, IMT

– Siak: Rp 10,780 (WD) with the highest bid of Rp 10,510 – PII

– Teluk Bayur: Rp 10,770 – WNI

– Talang Duku: Rp 10,700 – PAA

CPKO (Rp./Kg):

– Dumai: Rp 11,006 (WD) with the highest bid of Rp 10,810 – IBP

– Lampung: Rp 10,785 (WD) with the highest bid of Rp 10,500 – AMJP

(T2)