PALMOILMAGAZINE, JAKARTA – The tender price of crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom on Monday, May 20, 2024, was Rp 12,188/kg, which marked a slight decrease of Rp 2/kg, or about 0.02%, from Friday, May 17, 2024, when it was Rp 12,190/kg.
According to Palmoilmagazine.com, KPBN reported that the CPO Franco price in Belawan and Dumai was Rp 12,188/kg, while in Talang Duku it was Rp 11,988/kg.
Meanwhile, the CPO price at the Malaysia Derivatives Exchange, under the code FCPOc3, increased and could test the resistance level at RM 3,942 per metric ton. If it surpasses this level, it may rise further to RM 3,969 per metric ton.
Also Read: CPO Price at KPBN Inacom Declined on Monday (13/5), While in Malaysian Exchange Increased
As quoted from Reuters, it was confirmed as the reverse pattern, showed to turn over the decreasing price from the most expensive price since on 3 April at RM 4.443 ringgit and the target would be at RM 3,942 per ton.
Here are CPO tenders at KPBN (Rp./Kg), excluded income tax on Monday (20/5/2024):
- Franco Belawan and Dumai Rp. 12.188-MM, AGM
- Talang Duku Rp. 11.988-PRISCOLIN. (T2)
