CPO Prices at KPBN Tender Rose 0.4 Percent on Wednesday (24/1)

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CPO Price at KPBN Tender Increased 1.86 Percent on Thursday (15/2), While on Malaysian Exchange Decreased. Photo by: Sawit Fest 2021 / Atqiyaudin Basr

PALMOILMAGAZINE, JAKARTA – The Crude Palm Oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) reached Rp 12,200/kg on Wednesday (24/1/2024), indicating a Rp 50/kg or approximately 0.4% increase compared to the Tuesday (23/1/2024) tender at Rp 12,150/kg.

According to information obtained by Palmoilmagazine.com from KPBN, the CPO Franco price in Belawan stood at Rp 12,200/kg. In Dumai, it also registered at Rp 12,200/kg, but in withdrawal (WD), the highest bid was Rp 12,150/kg. Meanwhile, in Talang Duku, the price was Rp 12,000/kg, with a WD highest bid of Rp 11,903/kg.

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For Crude Palm Kernel Oil (CPKO) in Lampung, the price was Rp 12,400/kg, but in WD, the highest bid was Rp 10,001/kg.

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The CPO price at the Malaysia Derivatives Exchange increased for the second consecutive session on Wednesday (24/1/2024). This uptick was attributed to the anticipated decrease in production in the world’s second-largest palm oil producer, aligning with the upward trend in other vegetable oil prices.

As reported by Reuters, the reference contract price for CPO with the code FCPOc3, scheduled for April 2024 delivery at the Bursa Malaysia Derivatives Exchange, rose by RM 19 per ton or approximately 0.48%, reaching RM 3,967 (US$ 838.16) per metric ton in the early session.

Here are CPO and CPKO tenders at KPBN (Rp./Kg), excluded income tax on Wednesday (24/1/2024):

CPO:

  • Franco Belawan Rp. 12.200-UNILEVER
  • Dumai Rp. 12.200 (WD) with the highest bid Rp. 12.150-EUP
  • Talang Duku Rp. 12.000 (WD) with the highest bid Rp. 11.903-PHPO

CPKO:

  • Lampung Rp. 12.400 (WD) with the highest bid Rp. 10.001-KLKD. (T2)
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