PALMOILMAGAZINE, JAKARTA – The tender for Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) reached Rp 12,390/kg on Thursday (29/2/2024), marking an increase of Rp 100/kg or approximately 0.81% compared to Wednesday’s tender which stood at Rp 12,290/kg.
According to Palmoilmagazine.com, the price of CPO Franco in Belawan and Dumai was Rp 12,390/kg, whereas in Talang Duku, it was Rp 12,190/kg. Meanwhile, Crude Palm Kernel Oil (CPKO) in Lampung was priced at Rp 12,835/kg, with the highest bid for withdrawal (WD) being Rp 10,000/kg.
The CPO prices at the Malaysia Derivatives Exchange also saw an uptick on Thursday (29/2/2024), echoing the trend seen in expensive vegetable oils. Market participants were eagerly anticipating insights from an upcoming industrial conference scheduled to take place in Kuala Lumpur next week.
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%
As quoted from Reuters, CPO reference contract price with the code FCPOc3 for May 2024 delivery at Malaysia Derivatives Exchange increased RM 62 per ton or about 1,59% to be RM 3.969 (US$ 836,99) per metric ton in the closing session.
Here are tenders at KPBN (Rp./Kg), excluded income tax on Thursday (29/2/2024):
CPO:
- Franco Belawan and Dumai Rp. 12.390-MM, IBP
- Talang Duku Rp. 12.190-PHPO
CPKO: Lampung Rp. 12.835 (WD) with the highest bid Rp. 10.000-AMJP. (T2)
