PALMOILMAGAZINE, JAKARTA – The tender for Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) on Wednesday (28/2/2024) reached Rp 12,290/kg, marking a Rp 90/kg improvement or approximately 0.74% compared to Tuesday’s (27/2/2024) tender of Rp 12,200/kg.
According to Palmoilmagazine.com, CPO prices at KPBN were reported at Rp 12,290/kg in Belawan and Dumai. In Talang Duku, the price stood at Rp 12,090/kg, while in withdrawal (WD), the highest bid was Rp 12,067/kg. CPO prices in East Kalimantan were noted at Rp 11,890/kg, and in West Kalimantan, they were at Rp 11,940/kg.
Meanwhile, at the Malaysia Derivatives Exchange, CPO prices continued their upward trend, marking the fourth consecutive session of price increases on Wednesday (28/2/2024). This rise was observed across various vegetable oils, while decreased export data acted as a constraint on further price hikes.
Also Read:
- CPO Price at KPBN Tenders Increased 0.78% on Tuesday (27/2), Mirrored in Malaysian Exchange
- CPO Price at KPBN Tender Rises 0.29 Percent on Monday (26/2), While on Malaysian Exchange It Declines
- CPO Price at KPBN Tender Got Down 0.54 Percent on Friday (23/2), Weekly Increase Totals 1.94%
- CPO Price at KPBN Tender Withdraw, While in Malaysian Exchange Increases
As quoted from Reuters, CPO reference contract price with the code FCPOc3 for May 2024 delivery at Malaysia Derivatives Exchange increased 0,36% to be RM 3.936 (US$ 827,06) per metric ton in the launch break.
Here are CPO tenders at KPBN (Rp./Kg), excluded income tax on Wednesday (28/2/2024):
- Franco Belawan and Dumai Rp. 12.290-MM, BEST, SJIO
- Talang Duku Rp. 12.090 (WD) with the highest bid Rp. 12.067-PII
- East Kalimantan Rp. 11.890-EUP
- West Kalimantan Rp. 11.940-EUP. (T2)
