CPO Prices at KPBN Tender Dip 0.29% on Thursday (7/3), Malaysia Exchange Follows Suit

palm oil magazine
CPO strorage tank. Photo by: Palmoilmagazine.com

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.

Read More

In terms of Crude Palm Kernel Oil (CPKO), the price in Lampung was Rp 13,677/kg, but it was withdrawn (WD) with the highest bid at Rp 10,000/kg.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.

Also Read: 

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)
Follow the Whatsapp channel "Palm Oil Magazine News Update", click the link PalmoilMagazine News Update | or you can follow Telegram "PalmOilMagazine", click the link PalmOilMagazine

FOLLOW MORE NEWS AT GOOGLE NEWS.

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *