CPO Price at KPBN Tender Declined 1,08% on Friday (1/12)

PALMOILMAGAZINE, JAKARTA – On Friday (1/12/2023), the price of crude palm oil (CPO) at the tender of PT Kharisma Pemasaran Bersama Nusantara (KPBN) fell to IDR 11,245/kg. This means a decrease of Rp 123/kg or around 1.08% compared on Thursday (30/11/2023) which amounted to Rp 11,368/kg.

Based on information obtained by Palmoilmagazine.com from KPBN, CPO Franco Dumai was priced at Rp 11,245/kg. At Talang Duku, the price was Rp 11,115/kg, but at the withdrawal (WD) the highest bid reached Rp 10,995/kg.

Based on Palmoilmagazine.com’s calculations for the last weekend of November 2023, the average value of CPO auctions this week decreased by Rp 219/kg to Rp 11,320.6/kg or around 1.9% compared to the previous week’s average auction of Rp 11,539.6/kg.

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Here are tenders at KPBN (Rp./Kg), excluded incoming tax on Friday (1/12/2023):

CPO:

• Franco Dumai Rp. 11.245-IBP
• Talang Duku Rp. 11.115 (WD) with the highest bid Rp. 10.995-SAP. (T2)