PALMOILMAGAZINE, JAKARTA – On Tuesday (19/3/2024), the crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom stood at Rp 13,100/kg, marking a decrease of Rp 20/kg or approximately 0.15% compared to the Monday (18/3/2024) tender price of Rp 13,120/kg.
According to information obtained by Palmoilmagazine.com from KPBN, the CPO Franco price in Belawan and Dumai was Rp 13,100/kg, while in Palembang it was Rp 12,950/kg. Crude palm kernel oil (CPKO) in Lampung was priced at Rp 13,959/kg but was withdrawn (WD) with the highest bid at Rp 10,000/kg. CPKO in Dumai was quoted at Rp 14,180/kg.
Meanwhile, CPO price at Malaysia Derivatives Exchange did decrease on Tuesday (19/3/2024) because nothing triggered to make it more expensive in the trade and the cheaper soyoil at Dalian and Chicago Board of Trade.
Also Read:
- CPO Prices at KPBN Inacom Increased 0,46 Percent on Monday (18/3), Likewise on Bursa Malaysia
- CPO Price at KPBN Inacom Tender Increased 0.46% on Friday (15/3), Weekly CPO Prices surged by 3.01%
- CPO Prices Surge 1.52% at KPBN Inacom Tender on Thursday (14/3), Mirroring Increase in Malaysia Exchange
- CPO Price at KPBN Inacom Tender Surged 1,15 Percent on Wednesday (13/3)
As quoted from Reuters, CPO reference contract price with the code FCPOc3 for June 2024 delivery at Malaysia Derivatives Exchange got cheaper 0,83% to be RM 4.201 (US$ 888,16) per metric ton in the closing session. In fact, the contract increased 0,7% in the early session.
Here are tenders at KPBN (Rp./Kg), excluded income tax on Tuesday (19/2024):
CPO:
- Franco Belawan and Dumai Rp. 13.100-MM, IBP
- Palembang Rp. 12.950-MM
CPKO:
- Lampung Rp. 13.959 (WD) with the highest bid Rp. 10.000-AMJP
- Dumai Rp. 14.180-SDS. (T2)
