CPO Price at KPBN Tender Got Cheaper on Monday (15/1)

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Crude palm oil (CPO). Photo by: Palmoilmagazine.com

PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) tender conducted by PT. Kharisma Pemasaran Bersama Nusantara (KPBN) experienced a reduction to Rp 11,785/kg on Monday (15/1/2024).

This reflects a decrease of Rp 15/kg or approximately 0.13% compared to the previous Thursday’s (11/1/2024) tender price of Rp 11,800/kg.

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According to information obtained by Palmoilmagazine.com from KPBN, the CPO Franco prices in Belawan and Dumai stood at Rp 11,785/kg, while in South Kalimantan, it was at Rp 11,385/kg.

Also Read: CPO Prices at KPBN Tender Dip 0.37% on Friday (22/12) 

Additionally, CPO prices at the Malaysia Derivatives Exchange also witnessed a decline on Monday (15/1/2024). As reported by Reuters, the CPO reference contract with the code FCPOc3 for March 2024 delivery experienced a decrease of RM 19 per metric ton, equivalent to about 0.49%, settling at RM 3,837 (US$ 825.52) per metric ton during midday.

Here are CPO prices at KPBN tenders on Monday (15/1/2024), excluded income tax  (Rp./Kg):

CPO:

  • Franco Belawan and Dumai Rp. 11.785-PPI, PII
  • South Kalimantan Rp. 11.385-NMA. (T2)
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