CPO Prices at KPBN Tender Dip 0.37% on Friday (22/12), Yet Weekly Average Sees a 1.18% Rise

PALMOILMAGAZINE, JAKARTA – The tender for Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) experienced a reduction, reaching Rp 11,233/kg on Friday (22/12/2023). This signifies a decrease of Rp 42/kg or approximately 0.37% compared to the Thursday (21/12/2023) tender, which stood at Rp 11,275/kg.

As reported by Palmoilmagazine.com from KPBN, the CPO Franco prices were as follows: Rp 11,233/kg in Dumai, Rp 11,103/kg in Teluk Bayur, and Rp 11,033/kg in Talang Duku.

Palmoilmagazine.com analysis revealed that during the third week (18-22 December 2023), the average CPO price at KPBN saw an increase of approximately Rp 131.6/kg, reaching Rp 11,262.00/kg. This marks a rise of about 1.18% compared to the previous week (11-15 December 2023) when the price was Rp 11,130.40/kg.

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KPBN announced that due to the Christmas and New Year holidays, CPO trading would be suspended on 22 December 2023 and resume on 3 January 2024.