CPO Price at KPBN Inacom Rised by 0.78% on Monday (29/4), Mirroring Malaysia Increase

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Illustration of CPO storage tank and FFB. Photo by: Palmoilmagazine.com

PALMOILMAGAZINE, JAKARTA – The tender price for crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom on Monday (29/4/2024) was Rp 12,225/kg. This represented an increase of Rp 95/kg, or approximately 0.78%, compared to the tender price on Friday (26/4/2024), which was Rp 12,130/kg.

According to information obtained from KPBN by Palmoilmagazine.com, the CPO price for Franco in Belawan and Dumai was Rp 12,225/kg. In Talang Duku, the price was Rp 12,025/kg, but it was withdrawn (WD) with the highest bid at Rp 11,895/kg. Similarly, in Ophir, the price was Rp 12,095/kg, but it was withdrawn with the highest bid at Rp 11,845/kg. In Kembayan, the price was Rp 11,875/kg, but it was withdrawn with the highest bid at Rp 6,500/kg.

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At the Malaysia Derivatives Exchange, the price of CPO for July 2024 delivery experienced an increase to RM 3,934 (US$ 824.39) per metric ton in early trading, representing a rise of RM 38 per ton or approximately 0.98%.

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As quoted from Reuters, CPO reference contract price got decreased because other vegetable oil did too and the production prediction got higher. CPO contract price decreased 0,76% last week.

Soyoil contract price at Dalian got escalated 1,35%, CPO contract price got escalated 1,88%. Soyoil price at Chicago Board of Trade got escalated 0,86%.

Here are CPO price at KPBN (Rp./Kg), excluded income tax on Monday (29/4/2024):

CPO:

  • Franco Belawan and Dumai Rp. 12.225-MM, IBP
  • Talang Duku Rp. 12.025 (WD) with the highest bid Rp. 11.895-PHPO
  • Ophir Rp. 12.095 (WD) with the highest bid Rp. 11.845-WIRA

Kembayan Rp. 11.875 (WD) with the bid Rp. 6.500-DKSD, SDS, BTI, BBF. (T2)

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