PALMOILMAGAZINE, JAKARTA The crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) reached Rp 11,311/kg on Monday (8/1/2024), indicating an improvement of Rp 86/kg or approximately 0.98% compared to the Friday (5/1/2024) tender, which stood at Rp 11,225/kg.
According to information obtained by Palmoilmagazine.com from KPBN, the CPO Franco prices in Belawan and Dumai were both Rp 11,311/kg.
Furthermore, the CPO price at the Malaysia Derivatives Exchange recorded its third consecutive increase on Monday (8/1/2023). This upward trend was influenced by the rising prices of soyoil at Dalian and the Chicago Board of Trade.
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As quoted from Reuters, the CPO reference contract price with the code FCPOc3 for March 2024 delivery at Malaysia Derivatives Exchange got better at RM 10 per metric ton, or about 0,27%, to be RM 3.692 (US$ 794,66) per metric ton in the morning session. (T2)
