CPO Price on KPBN Inacom Rises Slightly on Monday (6/5), Malaysia Exchange also Rises

PALMOILMAGAZINE, JAKARTA – The tender for Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom on Monday (6/5/2024) was Rp 12.018/kg, marking an increase of Rp 40/kg or approximately 0.33% compared to the previous Friday’s (3/4/2024) tender, which was Rp 11.978/kg.

According to Palmoilmagazine.com from KPBN Inacom, CPO Franco was priced at Rp 12.018/kg in Belawan and Dumai, Rp 11.818/kg in Talang Duku, and Rp 11.888/kg in Teluk Bayur. However, in Ophir, CPO was priced at Rp 11.723/kg, with the highest bid for withdrawal (WD) at Rp 11.605/kg. In Kembayan, CPO was priced at Rp 11.668/kg, with the highest bid for WD at Rp 6.500/kg.

At the Malaysia Derivatives Exchange, the price of CPO for July 2024 delivery increased by RM 22 per ton, amounting to RM 3,866 (US$ 815.78) per metric ton in the afternoon.

Also Read: 

• CPO Price at KPBN Inacom Drops Again on Friday (3/5), Weekly CPO Price Down 1.03 Percent
• CPO Price at KPBN Inacom by 1.35% Declined on Tuesday (30/4), Mirrored in Malaysia
• CPO Tender at KPBN Inacom and Malaysia Exchange Decreased on Thursday (2/5)
• CPO Price at KPBN Inacom Rised by 0.78% on Monday (29/4), Mirroring Malaysia Increase

According to Reuters, the price of soyoil contract at Bursa Dalian increased by 1.02%, while the CPO contract price increased by 0.35%. In addition, the price of soyoil at the Chicago Board of Trade increased by 0.88%.

Here are tenders at KPBN (Rp./Kg), excluded income tax on Monday (6/5/2024):

CPO_____

Franco Belawan and Dumai Rp. 12.018-BEST, KJA, SJIO

Talang Duku Rp. 11.818-PRISCOLIN

Teluk Bayur Rp. 11.888-WIRA

Ophir Rp. 11.723 (WD) with the highest bid Rp. 11.605-WIRA

Kembayan Rp. 11.668 (WD) with the bid Rp. 6.500-DKSD, SDS, BTI, AMJP

(T2)