CPO Price at KPBN Tender Decreased 0,67 Percent on Wednesday (13/12)

PALMOILMAGAZINE, JAKARTA – The tender for Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) dropped to Rp 11,125/kg on Wednesday (13/12/2023), indicating a reduction of Rp 75/kg or approximately 0.67% compared to the Tuesday (12/12/2023) tender, which was Rp 11,200/kg.

According to information obtained from KPBN by Palmoilmagazine.com, CPO Franco in Belawan and Dumai was priced at Rp 11,125/kg.

Simultaneously, CPO trading at the Malaysia Derivatives Exchange experienced a decline of over 1% on Wednesday (13/12/2023) due to sluggish exports and the decreased cost of soyoil.

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As reported by Reuters, the reference contract price for CPO with the code FCPOc3, set for delivery in February 2024 at the Malaysia Derivatives Exchange, decreased by RM 42 per ton or approximately 1.12% to reach RM 3,693 (US$ 785.24) per ton in the early session.

Here are tenders at KPBN (Rp./Kg), excluded income tax on Wednesday (13/12/2023):

CPO: Franco Belawan and Dumai Rp. 11.125-PPI, PII. (T2)