PALMOILMAGAZINE, JAKARTA – The tender for Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom on Thursday (7/3/2024) was Rp 12,595/kg. This indicates a decrease of Rp 36/kg or approximately 0.29% compared to Wednesday’s (6/3/2024) tender, which was Rp 12,631/kg.
According to information obtained by Palmoilmagazine.com from KPBN, the price of CPO Franco in Belawan and Dumai was Rp 12,595/kg. In Teluk Bayur, it was Rp 12,465/kg.
In terms of Crude Palm Kernel Oil (CPKO), the price in Lampung was Rp 13,677/kg, but it was withdrawn (WD) with the highest bid at Rp 10,000/kg. In Dumai, it was Rp 13,898/kg, but in WD with the highest bid at Rp 13,330/kg.
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- CPO Prices at KPBN Tender Decreased on Monday (4/3), Market Remains Stagnant
- CPO Prices at KPBN Tender Surge by 0.52% on Friday (1/3) Reflecting Weekly Increase of 1.59%
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- CPO Prices Surge 0.74% at KPBN Tender on Wednesday (28/2) and Follow Suit at Malaysia Exchange
Meanwhile, the CPO price at the Malaysia Derivatives Exchange also experienced a decrease. According to Reuters, the CPO reference contract price for May 2024 delivery decreased by 0.59% to RM 3,941 per metric ton (US$ 860.81).
Here are tenders at KPBN (Rp./Kg), excluded income tax on Thursday (7/3/2024):
CPO:
- Franco Belawan and Dumai Rp. 12.595-MM, PHPO, SJIO, PAA
- Teluk Bayur Rp. 12.465-WNI
CPKO:
- Lampung Rp. 13.677 (WD) with the highest bid Rp. 10.000-AMJP
- Dumai Rp. 13.898 (WD) with the highest bid Rp. 13.330-IBP. (T2)
