PALMOILMAGAZINE, JAKARTA – The tender price for Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom on Wednesday (3/4/2024) stood at Rp 13,435/kg. This marks an increase of Rp 182/kg or approximately 1.37% compared to the previous Tuesday’s (2/4/2024) tender, which was Rp 13,253/kg.
According to information obtained by Palmoilmagazine.com from KPBN, the price of CPO Franco in Belawan and Dumai was Rp 13,435/kg. Meanwhile, CPO Franco in Talang Duku was priced at Rp 13,285/kg, but it was in withdrawal (WD) with the highest bid recorded at Rp 13,157/kg.
At the Malaysia Derivatives Exchange, the price of CPO for June 2024 delivery saw an increase of RM 89 per ton or about 2.06%, reaching RM 4,401 (US$ 925.94) per metric ton. This surge represents a 3.01% increase from the first session to the highest level observed in the past 13 weeks.
Also Read:
- CPO Prices at KPBN Inacom Increase 1.77 Percent Period Monday, April 1, 2024
- CPO Price at KPBN Inacom Drops 0.23% on Thursday (28/3), Weekly Price Declines 0.61%
- CPO Prices at KPBN Inacom and Bursa Malaysia Fall on Wednesday (27/3)
- CPO Price at KPBN Inacom Declined on Tuesday (26/3), While the Malaysian Exchange Increased
- CPO Price at KPBN Inacom Rise 0.41% on Monday (25/3), Mirrored in Malaysia Exchange
According to Reuters, the contract price of soyoil at the Dalian Commodity Exchange increased by 1.10%, while the CPO contract price experienced a steeper rise of 3.25%. In contrast, soyoil price at the Chicago Board of Trade recorded a more modest increase of 0.57%.
Here are tenders at KPBN (Rp./Kg), excluded income tax on Wednesday (3/4/2024):
CPO:
- Franco Belawan and Dumai Rp. 13.435-MM, IBP
- Talang Duku Rp. 13.285 (WD) with the highest bid Rp. 13.157-PHPO. (T2)
