PALMOILMAGAZINE, JAKARTA – On Tuesday (5/3/2024), the crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) stood at Rp 12,545/kg, marking a Rp 95/kg increase or approximately 0.76% higher than Monday’s (4/3/2024) tender, which was Rp 12,450/kg.
According to information obtained by Palmoilmagazine.com from KPBN, the price of CPO Franco in Belawan and Dumai was Rp 12,545/kg, while in Teluk Bayur, it reached Rp 12,415/kg. CPO in Talang Duku was priced at Rp 12,250/kg. In East Kalimantan, CPO was priced at Rp 12,145/kg, with the highest bid for withdrawal (WD) at Rp 11,250/kg.
Similarly, in West Kalimantan, it was Rp 12,195/kg, with the highest WD bid at Rp 11,300/kg. In South Kalimantan, the price was Rp 12,145/kg.
Crude palm kernel oil (CPKO) in Lampung was valued at Rp 13,193/kg, with the highest WD bid at Rp 10,000/kg. Meanwhile, in Dumai, CPKO was priced at Rp 13,414/kg, with the highest WD bid at Rp 13,218/kg.
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- CPO Prices Surge 0.74% at KPBN Tender on Wednesday (28/2) and Follow Suit at Malaysia Exchange
- CPO Price at KPBN Tenders Increased 0.78% on Tuesday (27/2), Mirrored in Malaysian Exchange
The CPO price at Malaysia Derivatives Exchange experienced a decrease on Tuesday (5/3/2024), attributed to similar trends in other vegetable oils.
As quoted from Reuters, CPO reference contract price with the code FCPOc3 for May 2024 delivery at Malaysia Derivatives Exchange got cheaper RM 17 per ton or about 0,43% to be RM 3.921 (US$ 829,84) per metric ton in the morning session.
Here are CPO and CPKO tenders at KPBN (Rp./Kg), excluded income tax on Tuesday (5/3/2024):
CPO:
- Franco Belawan and Dumai Rp. 12.545-MM, SJIO, IBP
- Teluk Bayur Rp. 12.415-WIRA
- Talang Duku Rp. 12.250-WNI
- Kaltim Rp. 12.145 (WD) with the highest bid Rp. 11.250-EUP
- Kalbar Rp. 12.195 (WD) with the highest bid Rp. 11.300-DKSD
- Kalsel Rp. 12.145-NMA
CPKO:
- Lampung Rp. 13.193 (WD) with the highest bid Rp. 10.000-AMJP
- Dumai Rp. 13.414 (WD) with the highest bid Rp. 13.218-IBP. (T2)