PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) experienced a reduction, reaching Rp 11,270/kg on Monday (13/11/2023).
This signifies a decrease of Rp 10/kg or approximately 0.09% compared to the Friday (10/11/2023) tender, which stood at Rp 11,280/kg.
According to information obtained by Palmoilmagazine.com from KPBN, the CPO prices were as follows: Franco Belawan and Dumai Rp 11,270/kg, Teluk Bayur Rp 11,140/kg and Talang Duku Rp 11,070/kg, with the highest bid at Rp 11,005/kg in withdrawal (WD).
Boyke Suratin, a business practitioner and former Intelligent Market in PTPN VII, noted that when referencing the closing prices at the Malaysia Derivatives Exchange on Friday (10/11/2023), CPO appeared to become more expensive.
Also Read :
- CPO Price at KPBN Tender Increased 0,77 Percent on Friday (10/11)
- RSPO Certified Sustainable Palm Oil in Indonesia Increases 19%
- Reaffirms Commitment to Develop Indonesia’s Sustainable Palm Oil Sector
- Palm Oil Research Program to Develop Sustainable Palm Oil Industry
- Advocating for Transparency in Palm Oil Audits
The contracts for November, December 2023, and January 2024 were RM 3673, RM 3737, and RM 3802 per ton, respectively. These figures represented increases compared to the contract prices from the previous day, which were RM 3620, RM 3684, and RM 3743 per ton.
The CPO tenders at KPBN on Monday (13/11/2023), excluding income tax, were as follows:
- Franco Belawan and Dumai: Rp 11,270-MM, IBP
- Teluk Bayur: Rp 11,140-WIRA
- Talang Duku: Rp 11,070, with the highest bid at Rp 11,005-PHPO. (T2)