CPO Prices Dropped at KPBN Inacom and Malaysia on Tuesday (11/6)

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CPO Prices Dropped at KPBN Inacom and Malaysia on Tuesday (11/6). Photo by: Palmoilmagazine.com

PALMOILMAGAZINE, JAKARTA – On Tuesday, June 11, 2024, the crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was priced at Rp 12,539 per kilogram, reflecting a decrease of Rp 19 per kilogram, or approximately 0.15%, from Monday’s tender price of Rp 12,558 per kilogram.

According to information obtained by Palmoilmagazine.comfrom KPBN, the CPO prices for various locations were as follows: Franco Belawan and Dumai were both at Rp 12,539 per kilogram, Teluk Bayur at Rp 12,409 per kilogram, and Kembaran at Rp 12,089 per kilogram. Additionally, crude palm kernel oil (CPKO) in Dumai was priced at Rp 16,232 per kilogram.

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As reported by Reuters, the reference contract price for CPO on the Malaysia Derivatives Exchange decreased on Tuesday due to a decline in other vegetable oil prices, although the depreciation of the ringgit mitigated the losses.

The August delivery CPO reference contract, identified by the code FCPO1, dropped by RM 14 per ton, or about 0.36%, to RM 3,905 (US$ 827.33) per metric ton by midday.

Soyoil contract price at Dalian (DBYcv1) decreased 1,23%, CPO contract with the code CPO1 got decreased 2,38%. Soyoil price at Chicago Board of Trade ZL1 did too 0,69%.

Here are tenders at KPBN (Rp./Kg), excluded income tax on Tuesday (11/6/2024):

CPO:

  • Franco Belawan and Dumai Rp. 12.539-PHPO, MNA, AGM
  • Teluk Bayur Rp. 12.409-MNA
  • Kembayan Rp. 12.089-EUP

CPKO:

Dumai Rp. 16.232-MM. (T2)

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