CPO Prices Declined at KPBN Inacom on July 3, 2024

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CPO Prices Declined at KPBN Inacom on July 3, 2024. Photo by: Palmoilmagazine.com

PALMOILMAGAZINE, JAKARTA – On Wednesday, July 3, 2024, the crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was priced at Rp 13,170/kg, reflecting a decrease of Rp 15/kg (approximately 0.11%) from the previous day’s tender, which was Rp 13,185/kg.

According KPBN to Palmoilmagazine.com, the CPO Franco prices were Rp 13,170/kg in Belawan and Dumai, Rp 12,970/kg in Talang Duku, Rp 12,931/kg in Sei Tapung, and Rp 12,720/kg in Kembayan. For crude palm kernel oil (CPKO) in Lampung, the price was Rp 16,872/kg, with the highest bid at Rp 15,000/kg in the withdrawal (WD) process.

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As quoted from Reuters, CPO contract price at Malaysia Derivatives Exchange got decreased on Wednesday (3/7/2024). It stopped a five–session increasing price in a row because of profit taking by the traders.

Also Read: CPO Price at KPBN Inacom Increased by 1.12 Percent on Monday, July 1, 2024

CPO reference contract price with the code FCPOc3 for September 2024 delivery at Malaysia Derivatives Exchange was RM 4.082 (US$ 865,20) per metric ton or got cheaper RM 7 per ton or about 0,17%.

Still from Reuters, the soyoil contract price at Dalian with the code DBYcv1 got increased 0,91%, CPO contract price with the code DCPcv1 did too 0,66%. Soyoil price at Chicago Board of Trade (BOc2) did escalate 1,04%. (P2)

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