CPO Prices at KPBN Tender Up 0,61 Percent on Tuesday (9/1)

PALMOILMAGAZINE, JAKARTA – On Tuesday, January 9, 2024, the tender price for Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) reached Rp 11,380/kg. This marked an increase of Rp 69/kg or approximately 0.61% compared to the previous day’s tender on Monday, January 8, 2024, which was Rp 11,311/kg.

As per the information obtained by Palmoilmagazine.com from KPBN, the CPO Franco prices in Belawan and Dumai stood at Rp 11,380/kg, while in Talang Duku, it was Rp 11,180/kg. Additionally, the price of Crude Palm Kernel Oil (CPKO) in Dumai was reported as Rp 11,644/kg.

Furthermore, the CPO prices at the Malaysia Derivatives Exchange continued to rise for the fourth consecutive session on Tuesday, January 9, 2024. This upward trend was observed across various vegetable oils. Additionally, traders were eagerly awaiting the monthly data release from the Malaysian Palm Oil Board scheduled for Wednesday.

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As quoted from Reuters, CPO reference contract price with the code FCPOc3 for March 2024 delivery at Malaysia Derivatives Exchange increased RM 4,1 per metric ton or about 1,11 % to be RM 3.734 (US$ 804,39) per metric ton in the closing session.

Here are CPO and CPKO at KPBN tenders (Rp./Kg), excluded income tax on Tuesday (9/1/2024):

CPO:

• Franco Belawan and Dumai Rp. 11.380-PHPO, SJIO
• Talang Duku Rp. 11.180-PAA

CPKO: Dumai Rp. 11.644-IBP. (T2)