CPO Price at KPBN Tender Fell 0.96% on Monday (6/11)

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Doc. palmoilmagazine.com / CPO Tank

PALMOILMAGAZINE, JAKARTA – On Monday, November 6, 2023, the tender price for Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) dropped to Rp 11,117/kg, marking a decrease of Rp 108/kg, which amounts to approximately 0.96% compared to the Friday, November 3, 2023, tender price of Rp 11,225/kg.

Palmoilmagazine.com reported the following CPO prices obtained from KPBN on the same day, Monday (6/11/2023):

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  • Franco Belawan and Dumai: Rp 11,117/Kg (EOP, EUP).
  • Talang Duku: Rp 10,917/Kg (PRISCOLIN).
  • Teluk Bayur: Rp 10,987/Kg, with the highest bid at Rp 10,853 (WIRA).

Additionally, at the Malaysia Derivatives Exchange, CPO experienced a decline for the second consecutive day on Monday (6/11/2023). This decrease was attributed to the strengthening Malaysia ringgit and predictions of rising stock levels in October 2023.

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As per information from Reuters, the CPO reference contract with the code FCPOc3 for delivery in January 2024 at the Malaysia Derivatives Exchange decreased by RM 38 per ton or approximately 1.01%, bringing it to RM 3,730 (equivalent to US$ 799.06) during the early session. (T2)

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