PALMOILMAGAZINE, JAKARTA – On Tuesday (20/2/2024), the crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) stood at Rp 12,105/kg, marking a rise of Rp 135/kg or approximately 1.13% from the previous day’s tender on Monday (19/2/2024) at Rp 11,970/kg.
According to Palmoilmagazine.com report from KPBN, CPO Franco was priced at Rp 12,105/kg in Belawan and Dumai, while it was Rp 11,905/kg in Talang Duku and Rp 11,975/kg in Teluk Bayur. As for crude palm kernel oil (CPKO), it was priced at Rp 12,642/kg in Dumai and Rp 11,278/kg in Palembang, with a withdrawal (WD) rate of Rp 11,985/kg as the highest bid.
Meanwhile, the CPO prices at the Malaysia Derivatives Exchange saw a decrease on Tuesday (19/2/2024) due to declining export data impacting several contracts. However, the rise in prices of other vegetable oils and lower production forecasts mitigated the losses.
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As quoted from Reuters, CPO reference contract price with the code FCPOc3 for May 2024 delivery at Malaysia Derivatives Exchange got decreased 0,13% to be RM 3.860 (US$ 805,01) per ton in the closing session.
Here are tenders at KPBN (Rp./Kg), excluded income tax on Tuesday (20/2/2024):
CPO:
- Franco Belawan andDumai Rp. 12.105-EOP, PHPO, PAA, WNI, EUP
- Talang Duku Rp. 11.905-EUP
- Teluk Bayur Rp. 11.975-WNI
CPKO:
- Dumai Rp. 12.642-IBP
- Palembang Rp. 11.278 (WD) with the highest bid Rp. 11.985-IKIN. (T2)
