Palm Oil Magazine - CPO Prices at KPBN Tender Rose 1.52 Percent on Tuesday (6/2)

PALMOILMAGAZINE, JAKARTA – The recent tender for Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) on Tuesday (6/2/2024) recorded a price of Rp 11,725/kg. This reflects an increase of Rp 175/kg, or approximately 1.52%, compared to the previous tender on Monday (5/2/2024), which stood at Rp 11,550/kg.

According to information obtained by Palmoilmagazine.com from KPBN, the price of CPO was Rp 11,725/kg in Franco Belawan, Kuala Tanjung, and Dumai. In Talang Duku, it was slightly lower at Rp 11,525/kg. Meanwhile, in East Kalimantan, it was priced at Rp 11,325/kg, but with withdrawals (WD) going as low as Rp 6,501/kg, the highest bid.

In Lampung, the price of Crude Palm Kernel Oil (CPKO) stood at Rp 12,301/kg, dropping to Rp 7,501/kg for WD with the highest bid. In Dumai, CPKO was priced at Rp 12,522/kg.

Also Read:
CPO Price at KPBN Tender and Malaysia Derivatives Exchange Declined on Monday (29/1)
CPO Prices at KPBN Tender Rose on Friday (26/1), CPO Weekly Price Increased 2 Percent
CPO Price at KPBN Tender Slightly Decreased on Thursday (25/1)
CPO Prices at KPBN Tender Rose 0.4 Percent on Wednesday (24/1)
CPO Prices at KPBN Tender Rose 0.4 Percent on Tuesday (23/1)

The CPO prices at the Malaysia Derivatives Exchange continued to rise for the second consecutive session on Tuesday (6/2/2024), influenced by the increase in soyoil prices at the Chicago Board of Trade and CPO contract prices at the Dalian Exchange. These trends were supported by expectations of decreased production in Malaysia.

As quoted from Reuters, CPO reference contract price with the code FCPOc3 for April 2024 delivery at Malaysia Derivatives Exchange increased RM 23 per ton or about 0,60% to be RM 3.825 (US$ 803,57) per ton in the midday.

Here are CPO and CPKO prices at KPBN tenders (Rp./Kg), excluded income tax on Tuesday (6/2/2024):

CPO: