PALMOILMAGAZINE, JAKARTA – The Crude Palm Oil (CPO) price at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom resulted in Withdraw (WD) status, with the highest bid reaching Rp 12,465/kg on Thursday (18/4/2024). This represents a marginal increase of Rp 5/kg or approximately 0.04% compared to Wednesday’s (17/4/2024) tender, which stood at Rp 12,460/kg.
According to information obtained by Palmoilmagazine.com from KPBN, CPO Franco in Belawan was priced at Rp 12,475/kg but was in WD with the highest bid at Rp 12,415/kg. Similarly, CPO Franco in Dumai was priced at Rp 12,475/kg but in WD with the highest bid at Rp 12,465/kg. Meanwhile, CPO Franco in Talang Duku was priced at Rp 12,325/kg but in WD with the highest bid at Rp 12,165/kg.
Although the CPO price at the Malaysia Derivatives Exchange saw an increase on Thursday (18/4/2024), it barely surpassed the lowest level recorded in the past six weeks. This was attributed to anticipated sluggish demand following the conclusion of the Idul Fitri celebration.
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As reported by Reuters, the CPO reference contract price under the code FCPOc3 for July 2024 delivery at the Malaysia Derivatives Exchange rose by RM 9 per ton, or approximately 0.22%, reaching RM 4,021 (US$ 841.92) per metric ton by midday.
Below are the CPO prices at KPBN (Rp./Kg), excluding income tax, on Thursday (18/4/2024):
- Franco Belawan Rp. 12.475 (WD) with the highest bid Rp. 12.415-BEST
- Dumai Rp. 12.475 (WD) with the highest bid Rp. 12.465-KJA
Talang Duku Rp. 12.325 (WD) with the highest bid Rp. 12.165-PII. (T2)
