CPO Prices at KPBN Tender Rise 0.98 Percent on Friday (5/1)

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CPO storage tank. Photo by: palmoilmagazine.com

PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) price at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) tender reached Rp 11,225/kg on Friday (5/1/2024), marking an improvement of Rp 110/kg or approximately 0.98% compared to Thursday’s (4/1/2024) tender at Rp 11,115/kg.

Information obtained by Palmoilmagazine.com from KPBN reveals CPO prices at various locations: Rp 11,225/kg in Belawan, Rp 11,095/kg in Teluk Bayur, Rp 11,025/kg in Talang Duku, Rp 10,825/kg in South Kalimantan, and Rp 10,825/kg in East Kalimantan.

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Meanwhile, the CPO price at the Malaysia Derivatives Exchange experienced a consecutive increase for the second session on Friday (5/1/2024). This upward trend is attributed to investor confidence in the predicted reduction of production in Malaysia.

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CPO reference contract with the code FCPOc3 for March 2024 delivery at Malaysia Derivatives Exchange got better RM 12 per metric ton or about 0,3%, and the last trade was at RM 3.669 ringgit (US$ 789,54) per metric ton in midday.

Here are CPO prices at KPBN tenders on Friday (5/1/2024), excluded income tax (Rp./Kg):

  • Franco Belawan and Dumai Rp. 11.225-PPI, EUP
  • Teluk Bayur Rp. 11.095-WIRA
  • Talang Duku Rp. 11.025-EUP
  • South Kalimantan Rp. 10.825-EUP
  • East Kalimantan Rp. 10.825-EUP. (T2)
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