PALMOILMAGAZINE, JAKARTA – The Crude Palm Oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) rose to Rp 11,325/kg on Wednesday (20/12/2023), marking an increase of Rp 48/kg or approximately 0.42% from the previous Tuesday’s (19/12/2023) tender, which was Rp 11,277/kg.
According to information obtained by Palmoilmagazine.com from KPBN, the CPO price in Dumai was Rp 11,325/kg, while in Teluk Bayur, it stood at Rp 11,195/kg. In Talang Duku, the price was Rp 11,125/kg, with the withdrawal settling at the highest bid of Rp 11,078/kg.
Simultaneously, the CPO prices at the Malaysia Derivatives Exchange also experienced an early trade increase on Wednesday (20/12/2023), attributed to concerns about declining production and stocks among palm oil producers worldwide.
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As reported by Reuters, the CPO reference contract (FCPOc3) for March 2024 delivery at the Malaysia Derivatives Exchange saw a rise of RM 32 per ton or approximately 0.85%, reaching RM 3,787 (US$ 815.46) per ton in the early trading session.
Here are CPO prices at KPBN tenders on Wednesday (20/12/2023) excluded incoming tax (Rp./Kg):
- Franco Dumai Rp. 11.325/kg-SJIO
- Teluk Bayur Rp. 11.195-WNI
- Talang Duku Rp. 11.125 (WD) with the highest bid Rp. 11.078-WNI. (T2)
