CPO Price at KPBN Inacom Rose on Wednesday (5/6), Similar Trends in Malaysia

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CPO Price at KPBN Inacom Rose on Wednesday (5/6), Similar Trends in Malaysia. Photo by: Palmoilmagazine.com

PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom increased to Rp 12,438/kg on Wednesday (5/6/2024), marking a rise of Rp 30/kg, or approximately 0.24%, from Tuesday’s (4/6/2024) tender price of Rp 12,408/kg.

According to information obtained Palmoilmagazine.com from KPBN, CPO Franco in Belawan and Dumai was priced at Rp 12,438/kg. In Kembayan, the CPO price was Rp 11,988/kg, but it was withdrawn (WD) with the highest bid at Rp 11,785/kg.

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Reuters reported that the CPO reference contract at the Malaysia Derivatives Exchange recovered in trade on Wednesday (5/6/2024) after experiencing a sharp 4% decline in the previous session, driven by improved soyoil prices on the Chicago Board of Trade.

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The CPO reference contract for August 2024 delivery at the Malaysia Derivatives Exchange rose by 0.18% to RM 3,928 (US$ 836.46) per metric ton in the evening trade.

Still from Reuters, the contract price was traded at about RM 3.899 per ton to RM 3.942 per ton in the early session.

Soyoil contract price at Dalian decreased by 0,36%, while CPO contract price got escalated 0,08%. Soyoil prices at the Chicago Board of Trade escalated by 0,348%.

Here are CPO tenders at KPBN (Rp./Kg), excluded income tax on Wednesday (5/6/2024):

  • Franco Belawan and Dumai Rp. 12.438-ACI, MNA, AGM, KJA
  • Kembayan Rp. 11.988 (WD), with the highest bid, Rp. 11.785-EUP. (T2)
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