PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) rose to Rp 10,913/kg on Thursday (7/12/2023), indicating an increase of Rp 13/kg or approximately 0.12% compared to the Wednesday (6/12/2023) tender at Rp 10,900/kg.
According to information obtained from KPBN by Palmoilmagazine.com, the CPO franco prices in Belawan and Dumai were Rp 10,913/kg, while in Talang Duku, it was Rp 10,713/kg. Additionally, crude palm kernel oil (CPKO) in Belawan was priced at Rp 11,541/kg.
Meanwhile, at the Malaysia Derivatives Exchange, the CPO price experienced its fifth consecutive decrease on Thursday (7/12/2023). This marked the longest declining period since mid-September 2023. Similar trends were observed in other vegetable oils, crude oil, and the depreciation of the Malaysia ringgit, which helped limit the losses.
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As reported by Reuters, the CPO reference contract with the code FCPOc3, scheduled for February 2024 delivery at the Malaysia Derivatives Exchange, decreased by RM 20 per ton, approximately 0.54%, reaching RM 3,699 (US$ 791.74) per metric ton.
Here are CPO and CPKO price at KPBN tenders (Rp./Kg) on Thursday (7/12/2023) excluded income tax :
CPO :
- Franco Belawan and Dumai Rp. 10.913-PPI, PII
- Talang Duku Rp. 10.713-PII
CPKO_______
Dumai Rp. 11.541-SDS. (T2)
