Palm Oil Magazine - CPO Price at KPBN Tender Drops 0.51% on Tuesday (5/12)

PALMOILMAGAZINE, JAKARTA – The Crude Palm Oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) experienced a withdrawal (WD) with the highest bid at Rp 11,118/kg on Tuesday (5/12/2023).

This indicates a decrease of Rp 57/kg or approximately 0.51% compared to the Monday (4/12/2023) tender, which was at Rp 11,175/kg.

As per the information obtained by Palmoilmagazine.com from KPBN, the CPO price in Franco Dumai was initially Rp 11,140/kg but was lowered to Rp 11,118/kg during the WD.

Also Read CPO Price at KPBN Tender Rose 2,04% on Tuesday (14/11)

Similarly, CPO in Talang Duku was originally priced at Rp 10,940/kg but saw a reduction to Rp 10,758/kg during the WD. In Teluk Bayur, the initial price was Rp 11,010/kg, but it dropped to Rp 10,968/kg in the WD.

The Crude Palm Kernel Oil (CPKO) in Dumai was initially priced at Rp 11,604/kg but experienced a reduction to Rp 11,350/kg during the WD.

Meanwhile, the CPO trade at the Malaysia Derivatives Exchange declined for the third consecutive session on Tuesday (5/12/2023). This trend was observed in other vegetable oils in Dalian and the Chicago Board of Trade, which remained competitively priced.

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According to Reuters, the CPO reference contract price, coded FCPOc3, for February 2024 delivery at the Malaysia Derivatives Exchange decreased by RM 25 per ton or around 0.65%, reaching RM 3,799 (US$ 815.06) at midday.

Here are CPO and CPKO price at KPBN tenders (Rp./Kg), excluded income tax on Tuesday (5/12/2023):

CPO: