CPO Prices at KPBN Tender Decreased 0.74% on Monday (5/2)

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CPO Prices at KPBN Tender Decreased 0.74% on Monday (5/2). Photo by: palmoilmagazine.com

PALMOILMAGAZINE, JAKARTA – The tender price for Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) stood at Rp 11,550/kg on Monday (5/2/2024), reflecting a decrease of Rp 86/kg or approximately 0.74% compared to the Friday (2/2/2024) tender, which was Rp 11,636/kg.

According to information obtained from KPBN, the CPO Franco prices in Belawan and Dumai were Rp 11,550/kg, while in Talang Duku, it was Rp 11,350/kg.

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In contrast, the CPO price at the Malaysia Derivatives Exchange witnessed an increase on Monday (5/2/2024), halting the previous declining trend. This shift was attributed to concerns about lower January production numbers and a decrease in the Malaysia ringgit, which raised apprehensions in the market.

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As quoted from Reuters, CPO reference contract price with the code FCPOc3 for April 2024 delivery at Malaysia Derivatives Exchange increased RM 35 per ton or about 0,93% to be RM 3,799 (US$ 800,13) per ton in the closing session.

Here are CPO prices at KPBN tenders (Rp./Kg), excluded income tax on Monday (5/2/2024):

  • Franco Belawan and Dumai Rp. 11.550-ACI, IBP
  • Talang Duku Rp. 11.350-PHPO. (T2)
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