CPO Price at KPBN Tender on Friday (12/1) Rises by 0.85%, Weekly Increase Hits 3.5%

PALMOILMAGAZINE, JAKARTA – The Crude Palm Oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) reached Rp 11,800/kg on Friday (12/1/2024), reflecting an increase of Rp 99/kg or approximately 0.85% compared to Thursday’s (11/1/2024) tender at Rp 11,701/kg.

As reported by Palmoilmagazine.com from KPBN, the CPO Franco prices in Belawan and Dumai were both Rp 11,800/kg. Additionally, the Crude Palm Kernel Oil (CPKO) in Dumai was priced at Rp 11,471/kg, while in withdrawal (WD) with the highest bid, it was Rp 11,100/kg.

Palmoilmagazine.com calculations for the second week of the year (8 – 12 January 2024) indicate that the average CPO tender at KPBN increased by approximately Rp 394.40/kg, reaching Rp 11,559.00/kg. This marks a 3.5% increase compared to the average CPO tender in the previous week (21 Dec 2023 – 5 Jan 2024), which was Rp 11,164.60/kg.

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Here are CPO and CPKO prices at KPBN tenders on Friday (12/1/2024), excluded income tax (Rp./Kg:

• CPO: Franco Belawan and Dumai Rp. 11.800-PHPO, PAA
• CPKO: Palembang Rp. 11.471 (WD) with the highest bid Rp. 11.100-IKIN. (T2)