CPO Price at KPBN Tender Declined 0.87% on Monday (27/11)

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Truck carrying fresh fruit bunches. Photo by: Sawit Fest 2021 / Atqiyaudin Basr

PALMOILMAGAZINE, JAKARTA – The tender for Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) experienced a decrease, settling at Rp 11,365/kg on Monday (27/11/2023).

This reflects a reduction of Rp 100/kg or approximately 0.87% compared to the Friday (24/11/2023) tender, which stood at Rp 11,465/kg.

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Information obtained by Palmoilmagazine.com from KPBN indicates that the CPO price for Franco Belawan and Dumai also reached Rp 11,365/kg. Meanwhile, CPO in Talang Duku was priced at Rp 11,165/kg but experienced a withdrawal (WD) with the highest bid at Rp 11,080/kg.

Also Read : CPO Price at KPBN Tender Decreased on Monday (13/11)

The CPO prices at the Malaysia Derivative Exchange witnessed a decline, reaching the lowest point in the past two weeks on Monday (27/11/2023). This decrease is attributed to the lower prices of crude oil and other vegetable oils traded on the Dalian Exchange, despite the offsetting factor of increased exports preventing a more significant drop.

According to Reuters, the CPO contract price with the code FCPOc3, set for February 2024 delivery at the Malaysia Derivatives Exchange, decreased by RM 26 per ton or approximately 0.67%, amounting to RM 3,864 (US$ 825.99) per metric ton in the early session. This marks the lowest price since November 17, 2023.

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Here are CPO tenders at KPBN (Rp./Kg), excluded income tax on Monday (27/11/2023):

  • Franco Belawan and Dumai Rp. 11.365-MM, IBP
  • Talang Duku Rp. 11.165 (WD) with the highest bid Rp. 11.08O-EUP

(T2)

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