CPO Prices Rise at KPBN Inacom on Wednesday (12/6)

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CPO Prices Rise at KPBN Inacom on Wednesday (12/6). Photo by: Sawit Fest 2021 / Atqiyaudin Basr

PALMOILMAGAZINE, JAKARTA – The tender price for crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom on Wednesday, June 12, 2024, was Rp 12,715/kg, reflecting an increase of Rp 176/kg or approximately 0.15% from the previous day’s price of Rp 12,539/kg.

According to KPBN, the CPO Franco price was Rp 12,715/kg in Belawan and Dumai, Rp 12,515/kg in Teluk Bayur, and Rp 12,365/kg in Perindu.

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Reuters reported that the CPO contract price on the Malaysia Derivatives Exchange rose by over 1% on Wednesday due to the impact of high vegetable oil and crude oil prices.

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The reference contract price for CPO, code FCPO1, for August 2024 delivery increased by RM 45 per ton, or about 1.14%, to RM 3,976 (US$ 843.62) per metric ton by the evening session, following a 0.15% decrease in the previous session.

Still from Reuters, soyoil contract price at Dalian with the code DBYcv1 got increased 0,05%, CPO contract price with the code CPO1 did too 0,73%. Soyoil price at Chicago Board of Trade ZL1 did escalate 0,62%.

Here are CPO prices at KPBN (Rp./Kg), excluded income tax on Wednesday (12/6/2024):

  • Franco Belawan and Dumai Rp. 12.715-MM, IBP
  • Talang Duku Rp. 12.515-PRISCOLIN
  • Parindu Rp. 12.365-EUP. (T2)
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