CPO Price at KPBN Inacom Declined on Tuesday (26/3), While the Malaysian Exchange Increased

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CPO Price at KPBN Inacom Declined on Tuesday (26/3), While the Malaysian Exchange Increased. Photo by: Palmoilmagazine.com

PALMOILMAGAZINE, JAKARTA – On Tuesday (26/3/2024), the tender for crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom recorded a price of Rp 13,200/kg, marking a decrease of Rp 15/kg or approximately 0.11% compared to the previous Monday’s tender price of Rp 13,215/kg.

According to Palmoilmagazine.com from KPBN, CPO Franco in Belawan and Dumai was priced at Rp 13,200/kg, while CPO Franco in Talang Duku was priced at Rp 13,050/kg, albeit in withdrawal (WD) with the highest bid at Rp 12,985/kg. Additionally, crude palm kernel oil (CPKO) in Dumai was priced at Rp 15,227/kg, also in withdrawal with the highest bid at Rp 14,820/kg.

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Despite the rise in crude oil prices and improvement in the Malaysia ringgit, CPO prices at the Malaysia Derivatives Exchange increased on Tuesday (26/3/2024), albeit with some restriction on the upward trend.

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As quoted from Reuters, CPO reference contract price with the code FCPOc3 for June 2024 delivery at Malaysia Derivatives Exchange increased RM 14  per ton or about 0,33% to be RM 4.261 (US$ 903,33) per metric ton in the morning session.

Here are tenders at KPBN (Rp./Kg), excluded income tax on Tuesday (26/3/2024):

CPO:

  • Franco Belawan and Dumai Rp. 13.200-MM, IBP, KJA
  • Talang Duku Rp. 13.050 (WD) with the highest bid Rp. 12.985-PII

 CPKO:

  • Dumai Rp. 15.227 (WD) with the highest bid Rp. 14.820-SDS. (T2)
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