PALMOILMAGAZINE, JAKARTA – On Wednesday, May 15, 2024, the crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom reached Rp 12,156/kg. This price represents an increase of Rp 48/kg, or about 0.4%, from the previous day’s tender price of Rp 12,108/kg.
According to Palmoilmagazine.com, KPBN reported the CPO Franco prices in Belawan and Dumai as Rp 12,156/kg. In Lampung, crude palm kernel oil (CPKO) was listed at Rp 15,543/kg but was withdrawn (WD) with the highest bid at Rp 7,250/kg.
Meanwhile, on the Malaysia Derivatives Exchange, CPO prices showed an upward trend. Reuters reported that the CPO contract price, under the code FCPOc3, is likely to stabilize within the support range of RM 3,760 – RM 3,787 per metric ton. Since reaching a low of RM 3,767 per ton on May 10, the price increase may occur in three phases.
Also Read:
- CPO Prices Climb at KPBN Tender and Malaysia Exchange as Soyoil Rises on Tuesday (14/5)
- CPO Price at KPBN Inacom Declined on Monday (13/5), While in Malaysian Exchange Increased
- CPO Price at KPBN Inacom Declined, while on Bursa Malaysia Rise on Wednesday (8/5)
- CPO Price at KPBN Inacom Rose by 1.36% on Tuesday (7/5), Likewise on the Bursa Malaysia
- 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 Price at KPBN Inacom Declined on Monday (13/5), While in Malaysian Exchange Increased
The upward phase is expected to end in the support zone, with the upper limit heading towards RM 3,899 per ton and the lower limit at RM 3,760 per ton. This range could change to RM 3,675 – RM 3,717 per ton.
Here are the CPO and CPKO prices at KPBN (Rp./Kg), excluded income tax on Wednesday (15/5/2024):
CPO: Franco Belawan and Dumai Rp. 12.156-EOP, EUP
PKO: Lampung Rp. 15.543 (WD) with the highest bid Rp. 7.250-SIP. (T2)
