PALMOILMAGAZINE, JAKARTA – The tender for Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom on Friday (19/4/2024) was Rp 12,368/kg, marking a decrease of Rp 97/kg or approximately 0.04% compared to Thursday’s tender (18/4/2024) at Rp 12,465/kg.
According to information obtained by Palmoilmagazine.com from KPBN, CPO Franco prices in Belawan and Dumai were Rp 12,368/kg. Meanwhile, CPO Franco in Talang Duku was priced at Rp 12,218/kg but was withdrawn (WD) with the highest bid at Rp 12,000/kg.
Palmoilmagazine.com analysis for April 16-19, 2024, revealed that the average CPO tender price at KPBN decreased by approximately Rp 814.95/kg, reaching Rp 12,517.25/kg or about 6.11% lower compared to the previous week’s average tender (April 1-5, 2024) of Rp 13,332.20/kg.
Also Read:
- CPO Price at KPBN Inacom Withdrawn on Thursday (18/4), Malaysia Exchange Sees Increase
- CPO Price at KPBN Inacom and Malaysia Exchange on Wednesday (17/4) Decrease
- CPO Prices Decline by 3.98% at KPBN Inacom on Tuesday (16/4), Similar Trend Seen in Malaysia Exchange
- CPO Price at KPBN Inacom Records 0.92% Decreased on Friday (5/4), Weekly Price Sees 1.76% Increase
In contrast, the CPO price at the Malaysia Derivatives Exchange saw an increase in the morning session for July 2024 delivery, rising by about RM 40 per ton or approximately 1% to RM 4,024 (equivalent to US$ 840.26) per metric ton, breaking the trend of continuous price decline since early December. However, the contract might experience a weekly decrease of up to 6%.
As reported by Reuters, the contract prices for soyoil at the Dalian Exchange increased by 0.37%, while CPO contract prices rose by 0.54%. Additionally, soyoil at the Chicago Board of Trade experienced a 1.14% increase.
Here are CPO prices at KPBN (Rp./Kg), excluded income tax on Friday (19/4/2024):
- Franco Belawan and Dumai Rp. 12.368-ACI, AGM
Talang Duku Rp. 12.218 (WD) with the highest bid Rp. 12.000-PRISCOLIN. (T2)
