PALMOILMAGAZINE, JAKARTA – The tender for Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) rose to Rp 11,277/kg on Tuesday (19/12/2023), indicating an increase of Rp 77/kg or approximately 0.14% compared to the Monday (18/12/2023) tender at Rp 11,200/kg.
As reported by Palmoilmagazine.com, CPO Franco prices were noted at Rp 11,277/kg in Dumai, Rp 11,147/kg in Teluk Bayur, and Rp 11,077/kg in Talang Duku. Additionally, Crude Palm Kernel Oil (CPKO) in Dumai recorded a price of Rp 11,639/kg.
Meanwhile, the CPO contract price at the Malaysia Derivatives Exchange experienced its fourth consecutive increase on Tuesday (19/12/2023). This upward trend is attributed to lower stocks and growing concerns about the impending dry season, which is expected to impact production negatively.
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According to Reuters, the CPO reference contract with the code FCPOc3 for March 2024 delivery at the Malaysia Derivatives Exchange saw a rise of RM 37 per ton, approximately 0.99%, reaching RM 3,782 (US$ 808.64) per ton at midday.
Here are CPO and CPKO Price at KPBN tenders (Rp./Kg), excluded income tax on Tuesday (19/12/2023):
CPO:
- Franco Dumai Rp. 11.277-IMT
- Teluk Bayur Rp. 11.147-WIRA
- Talang Duku Rp. 11.077-PHPO
CPKO: Dumai Rp. 11.639-WNI. (T2)
