PALMOILMAGAZINE, JAKARTA – The tender price for Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was Rp 13,000/kg on Thursday (14/3/2024), marking an increase of Rp 195/kg or approximately 1.52% compared to the previous day’s tender, which stood at Rp 12,805/kg.
According to information received by Palmoilmagazine.com from KPBN Inacom, the price of Franco CPO in Belawan and Dumai reached Rp 13,000/kg, while in Teluk Bayur it reached Rp 12,870/kg.
In Lampung, Crude Palm Kernel Oil (CPKO) was priced at Rp 13,755/kg, but with the highest bid during withdrawal (WD) reaching Rp 10,000/kg. In Dumai, CPKO was priced at Rp 13,976/kg.
Furthermore, CPO prices at the Malaysia Derivatives Exchange continued to rise for the fourth consecutive session on Thursday (14/3/2024), reaching the highest level in a year by midday. This increase was attributed to the rising prices of vegetable oils and growing demands from major importers.
Also Read:
- KPBN Inacom CPO Tender Incrased by 0.52%: Weekly CPO Price Surges 2.35% on Friday (8/3)
- CPO Prices at KPBN Tender Dip 0.29% on Thursday (7/3), Malaysia Exchange Follows Suit
- CPO Price at KPBN Tender Rises 0.69 Percent on Wednesday (6/3)
- CPO Prices at KPBN Tender Rise 0.76%, While Malaysian Exchanges Fall on Tuesday (5/3)
- CPO Prices at KPBN Tender Decreased on Monday (4/3), Market Remains Stagnant
As quoted from Reuters, the CPO reference contract with the code FCPOc3 for May 2024 delivery at Malaysia Derivatives Exchange increased RM 89 per ton, or about 2,12%, to RM 4.284 (US$ 914,21) in the midday.
Here are tenders at KPBN (Rp./Kg), excluded income tax on Thursday (14/3/2024):
CPO:
- Franco Belawan and Dumai Rp. 13.000-MM, IBP
- Teluk Bayur Rp. 12.870-WNI
CPKO:
- Lampung Rp. 13.755 (WD) with the highest bid Rp. 10.000-AMJP
- Dumai Rp. 13.976-SDS. (T2)
