PALMOILMAGAZINE, JAKARTA The crude palm oil (CPO) price at the PT. Kharisma Pemasaran Bersama Nusantara (KPBN) tender reached Rp 11,115/kg on Thursday (4/1/2024), indicating a rise of Rp 140/kg, or approximately 1.27%, compared to the previous day’s tender on Wednesday (3/1/2024) at Rp 10,975/kg.
According to information obtained from KPBN by Palmoilmagazine.com, the CPO Franco price in Belawan stood at Rp 11,115/kg. In West Kalimantan, CPO was priced at Rp 10,765/kg, with a withdrawal (WD) option available at the highest bid of Rp 7,000/kg. Additionally, crude palm kernel oil (CPKO) in Dumai was quoted at Rp 11,666/kg.
Simultaneously, the CPO price at the Malaysia Derivatives Exchange experienced an increase on Thursday (4/1/2023), putting an end to the four consecutive sessions of declining prices. This uptick was attributed to a decrease in production and the rising cost of crude oil.
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As quoted from Reuters, the CPO reference contract with the code FCPOc3 for March 2024 delivery at Malaysia Derivatives Exchange increased RM 35 per metric ton, or about 1%, to RM 3.656 (US$ 789,12) per metric ton.
Here are the CPO and CPKO prices at KPBN tenders (Rp./kg), excluded from income tax on Thursday (4/1/2024):
CPO:
- Franco Belawan Rp. 11.115-SMART, IMT
- Kalbar: Rp. 10.765 (WD) with the highest bid: Rp. 7.000-DKSD
CPKO:
- Dumai Rp. 11.666-IBP. (T2)
