PALMOILMAGAZINE, JAKARTA – The Crude Palm Oil (CPO) price at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) tender saw a decrease to Rp 11,531/kg on Thursday (23/11/2023). This reflects a reduction of Rp 147/kg or approximately 1.26% compared to the Wednesday (22/11/2023) tender, which was Rp 11,678/kg.
According to information obtained by Palmoilmagazine.com from KPBN, the CPO prices were Rp 11,331/kg for both franco Kuala Tanjung and Dumai, as well as in Talang Duku.
Furthermore, the CPO prices at the Malaysia Derivatives Exchange also experienced a decline on Thursday (23/11/2023) following three consecutive sessions of increase. This dip was influenced by the lower crude oil prices at the Dalian Exchange, though traders remained cautious as they awaited production data.
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According to Reuters, the reference contract price for CPO with the code FCPOc3, scheduled for delivery in February 2024 at the Malaysia Derivatives Exchange, decreased by RM 34 or approximately 0.85% to reach RM 3,954 (US$ 845.23) per metric ton at midday.
Here are the CPO price at KPBN tenders (Rp./Kg), excluded income tax on Wednesday (22/11/2023):
- Franco Kuala Tanjung and Dumai Rp. 11.531-MNA, PAA, WNI
- Talang Duku Rp. 11.331-WNI. (T2)
