PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) on Monday, October 30, 2023, saw a decrease, settling at Rp 11,114 per kilogram. This represents a reduction of Rp 11 per kilogram or about 0.09% when compared to the tender price on Friday, October 27, 2023, which stood at Rp 11,125 per kilogram.
Palmoilmagazine.com reported that CPO prices were also observed as Rp 11,114 per kilogram for Franco Belawan and Dumai, whereas in Talang Duku, it was priced at Rp. 10,914 per kilogram with a withdrawal (WD) option at the highest bid of Rp. 10,802 per kilogram for WNI (Indonesian citizens).
Conversely, CPO prices at the Malaysia Derivatives Exchange exhibited an increase. As per Reuters, the CPO contract with the code FCPOc3, scheduled for delivery in January 2024, rose by RM 19 per ton, which is approximately 0.50%, reaching RM 3,794 (US$ 798.40) per metric ton during the morning session. This marks a weekly increasing trend, with a cumulative rise of 0.11% recorded on the previous Friday.
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Here are the CPO tender prices at KPBN (in Rp./Kg), excluding income tax on Monday (30/10/2023):
- Franco Belawan and Dumai: Rp. 11,114 – SMART, IBP, SDS
- Talang Duku: Rp. 10,914 (WD) with the highest bid at Rp. 10,802 – WNI (Indonesian citizens). (T2)
