CPO Prices at KPBN Inacom and Bursa Malaysia Down Slightly on Thursday (13/6)

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CPO Prices at KPBN Inacom and Bursa Malaysia Down Slightly on Thursday (13/6). Photo by: Palmoilmagazine.com

PALMOILMAGAZINE, JAKARTA – On Thursday, June 13, 2024, crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was priced at Rp 12,700 per kilogram, marking a decrease of Rp 15 per kilogram or about 0.12% from Wednesday’s (June 12, 2024) tender price of Rp 12,715 per kilogram.

According to Palmoilmagazine.com from KPBN Inacom, CPO Franco in Belawan and Dumai was also priced at Rp 12,700 per kilogram.

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Reuters reported that the CPO reference contract price at the Bursa Malaysia fell on Thursday due to cheaper soyoil and crude oil, coupled with a stronger ringgit.

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The CPO reference contract price, coded FCPO1, for August 2024 delivery decreased by RM 6 per metric ton, or approximately 0.15%, to RM 3,957 (US$ 840.66) per metric ton by midday.

Still from Reuters, soyoil contract price at Dalian with the code DBYcv1 remained the same, CPO contract price with the code CPO1 got increased 0,3%. Soyoil price at Chicago Board of Trade ZL1 got decreased 0,3% because soyoil continued to get decreased. (T2)

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