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
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.
Also Read:
- CPO Price at KPBN Inacom increased by 0.16 Percent on Tuesday (5/21)
- CPO Prices at KPBN Inacom Slightly Decrease to Rp 12,188/kg, Malaysia Derivatives Exchange Prices Rise
- CPO Prices Rose at KPBN Inacom on Friday (15/5) as Global Vegetable Oil Markets strengthened
- 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
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)
