PALMOILMAGAZINE, JAKARTA – The tender price for Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) rose to Rp 11,750/kg on Wednesday (7/2/2024), marking a increase of Rp 25/kg or approximately 0.21% compared to the previous Tuesday’s tender at Rp 11,725/kg.
According to Palmoilmagazine.com, the CPO price from KPBN stood at Rp 11,750/kg for Franco Belawan and Dumai, while in Talang Duku, it was recorded at Rp 11,550/kg. Meanwhile, Crude Palm Kernel Oil (CPKO) in Lampung was priced at Rp 12,271/kg but was withdrawn (WD) with the highest bid at Rp 7,350/kg.
In Malaysia, the price of CPO at the Derivatives Exchange decreased on Wednesday (7/2/2024), halting the consecutive increase observed in the two previous sessions. Traders remained cautious as they awaited production data release from the Government of Malaysia.
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)
As quoted from Reuters, CPO reference contract price with the code FCPOc3 for April 2024 delivery at Malaysia Derivatives Exchange got cheaper RM 5 per ton or about 0,13% to be RM 3.838 (US$ 805,63) per ton in the midday.
Here are tenders at Tender KPBN (Rp./Kg), excluded income tax on Wednesday (7/2/2024):
CPO:
- Franco Belawan and Dumai Rp. 11.750-BEST, SJIO, PAA
- Talang Duku Rp. 11.550-PHPO
CPKO: Lampung Rp. 12.271 (WD) with the highest bid Rp. 7.350-SIP. (T2)
