CPO Prices Climb at KPBN Tender and Malaysia Exchange as Soyoil Rises on Tuesday (14/5)

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CPO Prices Climb at KPBN Tender and Malaysia Exchange as Soyoil Rises on Tuesday (14/5) Photo by: Palmoilmagazine.com

PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) tender at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was Rp 12,108/kg on Tuesday, (14/5/2024). This represents an increase of Rp 57/kg, or about 0.47%, compared to the Monday (13/5/2024) tender, which was Rp 12,051/kg.

According to information from KPBN obtained by InfoSAWIT, the CPO Franco price in Belawan and Dumai was Rp 12,108/kg. In Talang Duku, it was Rp 11,908/kg, and in Teluk Bayur, it was Rp 11,978/kg.

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The price of crude palm kernel oil (CPKO) in Dumai was Rp 15,901/kg, while in Lampung it was Rp 15,680/kg, but it was withdrawn with the highest bid at Rp 7,275/kg.

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The CPO price at the Malaysia Derivatives Exchange increased on Tuesday (May 14, 2024) for the second consecutive session due to a rise in soyoil prices in Dalian.

As reported by Reuters, the reference contract price for CPO with the code FCPOc3 for July 2024 delivery at the Malaysia Derivatives Exchange rose by RM 17 per ton or 0.44%, to RM 3,885 (US$ 821.01) per metric ton in the morning session.

Here are CPO and CPKO prices at KPBN (Rp./kg), excluded income tax on Tuesday, (14/5/2024):

CPO:

  • Franco Belawan and Dumai Rp. 12.108-MM, IBP
  • Talang Duku Rp. 11.908-WNI
  • Teluk Bayur Rp. 11.978-WNI

PKO:

  • Dumai Rp. 15.901-IBP
  • Lampung Rp. 15.680 (WD) with the highest bid Rp. 7.275-SIP. (T2)

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