CPO Prices Decline by 3.98% at KPBN Inacom on Tuesday (16/4), Similar Trend Seen in Malaysia Exchange

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CPO Prices Decline by 3.98% at KPBN Inacom on Tuesday (16/4), Similar Trend Seen in Malaysia Exchange. Photo by: Palmoilmagazine.com

PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom on Tuesday (16/4/2024) was priced at Rp 12,776/kg, indicating a decrease of Rp 529/kg or approximately 3.98% compared to the tender on Friday (5/4/2024), which was Rp 13,305/kg.

According to information obtained by Palmoilmagazine.com from KPBN, the price of CPO Franco in Belawan and Dumai stood at Rp 12,776/kg. Meanwhile, CPO Franco in Talang Duku was priced at Rp 12,626/kg but was withdrawn (WD) with the highest bid at Rp 12,500/kg. Crude palm kernel oil (CPKO) in Dumai was priced at Rp 16,305/kg. Additionally, CPKO in Lampung was priced at Rp 16,084/kg but was also withdrawn with the highest bid at Rp 7,500/kg.

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At the Malaysia Derivatives Exchange, the price of CPO for July 2024 delivery decreased by RM 17 per ton, or approximately 0.41%, to reach RM 4,124 (equivalent to US$ 860.96) in the afternoon session. This marked the lowest price since March 12, 2024.

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As quoted from Reuters, palm oil stock in Malaysia by the late of March decreased 10,68% from the previous month to be 1,71 million metric tons, the lowest in the past ten months because of the increasing exports that covered the production, as Malaysian Palm Oil Board mentioned.

Here are tenders at KPBN (Rp./Kg), excluded income tax on Tuesday (16/4/2024):

CPO:

  • Franco Belawan and Dumai Rp. 12.776-MM, IBP
  • Talang Duku Rp. 12.626 (WD) with the highest bid Rp. 12.500-PRISCOLIN

CPKO:

  • Dumai Rp. 16.305-BP

Lampung Rp. 16.084 (WD) with the highest bid Rp. 7.500-SIP. (T2)

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