PALMOILMAGAZINE, JAKARTA – On Wednesday (29/11/2023), the crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) saw a decrease, settling at Rp 11,275/kg. This indicates a reduction of Rp 75/kg or approximately 0.66% compared to the Tuesday (28/11/2023) tender, which stood at Rp 11,350/kg.
According to information from KPBN as reported by Palmoilmagazine.com, the CPO franco prices were Rp 11,275/kg in Belawan and Dumai, Rp 11,075/kg in Talang Duku, and Rp 11,145/kg in Teluk Bayur.
Meanwhile, crude palm kernel oil (CPKO) in Dumai was priced at Rp 11,647/kg, but in withdrawal (WD) with the highest bid, it reached Rp 11,185/kg.
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Additionally, the CPO price at the Malaysia Derivatives Exchange also experienced a decline on Wednesday (29/11/2023) due to the decreased prices of other vegetable oils at the Dalian Exchange and the strengthening ringgit currency.
As reported by Reuters, the CPO reference contract price with the code FCPOc3 for February 2024 delivery at the Malaysia Derivatives Exchange decreased by RM 25 per ton or approximately 0.64%, reaching RM 3,872 in the early session.
Here are CPO and CPKO tenders at KPBN (Rp./Kg), excluded income tax on Wednesday (29/11/2023):
CPO:
- Franco Dumai Rp. 11.275-WNI, EUP
- Talang Duku Rp. 11.075-WNI
- Teluk Bayur Rp. 11.145-WNI
CPKO:
Dumai Rp. 11.647 (WD) with the highest bid Rp. 11.185-IBP. (T2)
