CPO Price at KPBN Inacom Rise by 1.18 Percent on Wednesday (29/5) Alongside Increases in Malaysia

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Palm Oil Fruit. Photo by: Sawit Fest 2021 / Eko Taufik Wirawan

PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom saw a price increase to Rp 12,535/kg on Wednesday (29/5/2024), escalating by Rp 146/kg or approximately 1.18% from Tuesday’s (28/5/2024) tender price of Rp 12,389/kg.

What Palmoilmagazine.com got from KPBN, CPO Franco Belawan and Dumai was Rp 12.535/Kg. CPO in East Kalimantan was Rp. 12.135/kg, but in withdraw (WD) with the highest bid Rp. 11.850/Kg. In Kembayan it was Rp. 12.085/kg, but in WD with the highest bid Rp. 11.850/Kg. In Perindu was Rp. 12.185/kg, but in WD with the highest bid Rp. 11.850/Kg

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As quoted from Reuters, CPO contract price with the code FCPOc3 could be escalating at RM 4.002 per ton to RM 4.025 per metric ton because it hit the resistant price at RM 3.949 per ton.

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Still from Reuters, contract price at phase (c) could be at RM 4.002 per ton. Analysis of retracement said, there could be decreasing trend from RM 4.443 per ton and showed the higher target at di RM 4.025 per ton.

While soyoil contact at Chicago Board of Trade (CBOT) with the code SN24 drastically got decreased on Tuesday (28/5/2024), that could have something to do with CPO price. (T2)

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