CPO Prices at KPBN Inacom Jumped 1.15 Percent on Wednesday (20/3) and Similarly on Malaysian Exchanges

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Palm Oil Mill. Photo by: Sawit Fest 2021 / Jefri Tarigan

PALMOILMAGAZINE, JAKARTA – On Wednesday (20/3/2024), the tender price for Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom rose to Rp 13,250/kg, marking an increase of Rp 150/kg or approximately 1.15% from the previous day’s tender of Rp 13,100/kg on Tuesday (19/3/2024).

According to Palmoilmagazine.com from KPBN, the CPO Franco price in Belawan and Dumai stood at Rp 13,250/kg, while Crude Palm Kernel Oil (CPKO) in the Palembang region was priced at Rp. 14,068/kg.

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The increase in CPO prices at the Malaysia Derivatives Exchange on Wednesday (20/3/2024) was attributed to improved export expectations and a reduction in production during March.

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As reported by Reuters, the reference contract price for CPO with the code FCPOc3, scheduled for delivery in June 2024 at the Malaysia Derivatives Exchange, saw a rise of RM 66 per ton or approximately 1.57%, reaching RM 4,267 (US$ 900.78) per metric ton by midday.

Here are tenders at KPBN (Rp./Kg), excluded income tax on Wednesday (20/3/2024):

CPO: Franco Belawan and Dumai Rp. 13.250-PHPO, SJIO

CPKO: Palembang Rp. 14.068-IKIN. (T2)

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