PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) experienced a decrease, settling at Rp 11,500/kg on Tuesday (14/11/2023).
This reflects an increase of Rp 230/kg or approximately 2.04% compared to the Monday (13/11/2023) tender, which stood at Rp 11,270/kg.
As reported by Palmoilmagazine.com from KPBN, the CPO price franco Belawan and Dumai was Rp 11,500/kg. In Talang Duku, it was Rp 11,300/kg, but in withdrawal (WD), it reached the highest bid of Rp 11,200/kg.
For crude palm kernel oil (CPKO), the price in Dumai was Rp 11,238/kg, while in Lampung, it stood at Rp 11,017/kg. In withdrawal with the highest bid, the price reached Rp 10,350/kg.
The CPO trade at the Malaysia Derivative Exchange increased on Tuesday (14/11/2023). This rise was attributed to the increase in soyoil prices at Dalian and Chicago Board of Trade, coupled with the depreciation of the Malaysia ringgit.
The CPO reference contract with the code FCPOc3, set for January 2024 delivery at the Malaysia Derivatives Exchange, rose by RM 33 per ton or 0.87%, reaching RM 3,835 (US$ 813.71) per metric ton in the morning session.
Also Read :
Here are the tenders at KPBN (Rp./Kg), excluding income tax on Tuesday (14/11/2023):
- – Franco Belawan and Dumai: Rp 11,500-MM, IBP, SDS
- – Talang Duku: Rp 11,300 (WD) with the highest bid Rp 11,200-SDS
- – Dumai: Rp 11,238-IBP
- – Lampung: Rp 11,017 (WD) with the highest bid Rp 10,350 – AMJP. (T2)