CPO Price at KPBN Inacom Rose 0.52% on Wednesday (26/6), Reflecting Trends in Malaysia

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CPO Price at KPBN Inacom Rose 0.52% on Wednesday (26/6), Reflecting Trends in Malaysia. Photo by: Palmoilmagazine.com

PALMOILMAGAZINE, JAKARTA – On Wednesday (26/6/2024), the crude palm oil (CPO) tender price at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom increased to Rp 12,750/kg, reflecting a rise of Rp 66/kg or about 0.52% from Tuesday’s (25/6/2024) tender price of Rp 12,684/kg.

According to KPBN, the CPO Franco price in Belawan and Dumai was also Rp 12,750/kg.

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As reported by Reuters, the CPO contract price at the Malaysia Derivatives Exchange rose on Wednesday due to predicted lower production numbers in Malaysia, despite a decrease in exports in June. This nearly pushed the contract to its lowest level in the past six weeks.

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CPO reference contract with the code FCPOc3 for September 2024 delivery at Malaysia Derivatives Exchange got increased RM 6 per ton or abuot 0,16% to be RM 3.865 (US$ 820,77) per metric ton in the early session but it was nearly be the lowest level since on 17 May 2024.

Malaysian Palm Oil Association predicted, on 1-20 June CPO would decrease 6,3% to last year. The exports from Malaysia did too. According to cargo surveyors – Intertek Testing Services and AmSpec Agri Malaysia on Tuesday, the delivery (exports) on 1-25 June could be decreasing between 16,1% and 16,9% compared to May in the same period.

Still from Reuters, soyoil contract price at Dalian with the code DBYcv1 got increased 0,2%, while CPO contract price with the code DCPcv1 did too 0,4%. Soyoil price at Chicago Board of Trade BOcv1 did increase 0,37%.

Here is CPO prices at KPBN (Rp./Kg) excluded income tax on Wednesday (26/6/2024):

  • Franco Belawan Rp. 12.750-MM, IBP
  • Dumai Rp. 12.750-MM, IBP. (T2)
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