CPO Prices at KPBN Tender Rose 0.4 Percent on Tuesday (23/1)

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CPO. Photo by: Sawit Fest 2021 / Hendra

PALMOILMAGAZINE, JAKARTA – On Tuesday (23/1/2024), the Crude Palm Oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) recorded a price of Rp 12,150/kg, indicating an improvement of Rp 50/kg or approximately 0.4% compared to the previous day’s tender on Monday (22/1/2024) at Rp 12,100/kg.

According to information obtained by Palmoilmagazine.com from KPBN, the CPO prices were Rp 12,150/kg in Franco Belawan, Rp 12,150/kg in Dumai, and Rp 11,950/kg in Talang Duku. However, in the withdrawal (WD) category, the highest bid was Rp 12,100/kg in Dumai and Rp 11,693/kg in Talang Duku.

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The Crude Palm Kernel Oil (CPKO) in Lampung was priced at Rp 12,155/kg, with the highest WD bid at Rp 8,000/kg. In Dumai, CPKO was valued at Rp 12,376/kg.

Also Read: CPO Prices at KPBN Tender Rose 0.64 Percent on Tuesday (16/1)

At the Malaysia Derivatives Exchange, CPO prices rose on Tuesday (23/1/2024) due to a halt in the previous session’s losses, influenced by weather forecasts and the stabilization of the Malaysian ringgit. However, the presence of cheaper vegetable oils curtailed the upward movement in prices.

As per Reuters, the CPO reference contract with the code FCPOc3 for April 2024 delivery at the Malaysia Derivatives Exchange increased by RM 55 per ton or around 1.41%, reaching RM 3,959 (US$ 836.47) per metric ton during the morning session.

Here are CPO and CPKO prices at KPBN tenders on Tuesday (23/1/2024), excluded income tax (Rp./Kg):

CPO:

  • Franco Belawan Rp. 12.150-ACI
  • Dumai Rp. 12.150 (WD) with the highest bid Rp. 12.100-EUP
  • T.Duku Rp. 11.950 (WD) with the highest bid Rp. 11.693-PAA

 CPKO:

  • Lampung Rp. 12.155 (WD) with the highest bid Rp. 8.000-SIP
  • Dumai Rp. 12.376-IBP. (T2)
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