CPO Price at KPBN Inacom Increased on Thursday July 4, 2024

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CPO Price at KPBN Inacom Increased on Thursday July 4, 2024. Photo by: Palmoilmagazine.com

PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom rose to Rp 13,225/kg on Thursday, July 4, 2024, marking an increased of Rp 55/kg or approximately 0.42% from Wednesday’s tender of Rp 13,170/kg.

According to information from KPBN, the CPO Franco prices in Belawan and Dumai were Rp 13,225/kg. In Lampung, the CPO price was Rp 17,216/kg, with the highest bid at Rp 15,000/kg during withdrawal (WD).

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As reported by Reuters, the CPO contract price at the Malaysia Derivatives Exchange also saw an increase on Thursday, July 4, 2024. This was due to the rising CPO contract prices at the Dalian Exchange, while the Chicago Board of Trade (CBOT) remained closed for a holiday.

Also Read: CPO Prices Declined at KPBN Inacom on July 3, 2024

CPO reference contract price with the code FCPOc3 for September 2024 delivery at Malaysia Derivatives Exchange escalated to RM 10 per ton, or about 0,24%, to be RM 4.092 (US$ 868,79) per metric ton in the early session.

Still from Reuters, the soyoil contract price at Dalian with the code DBYcv1 was flat; CPO contract price with the code DCPcv1 escalated by 0.45%. (P2)

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