PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at Rp. 12,740 / kg on Thursday (18/7/2024), thus the price of CPO recorded an increase of Rp. 2 / kg, or there was an increase of about 0.02% compared to the price of CPO on Wednesday (17/7/2024) which reached Rp. 12,738 / kg.
From the information obtained by Palmoilmagazine.com from KPBN, the price of CPO Franco Belawan & Dumai was set at IDR 12,740 / kg. The price of CPO in Kembayan was set at Rp. 12,290/Kg. Then the price of CPO in Parindu was set at IDR 12,390/Kg. Then, the price of palm oil kernel (CPKO) in Lampung opened at IDR 17,589/Kg, but there was a withdrawal (WD) with the highest bid of IDR 14,000/Kg.
While reported by Reuters, the price of palm oil futures on Bursa Malaysia fell on Thursday, (18/7/2024) weighed down by weakening prices of other vegetable oil contracts in Dalian and Chicago, although strengthening crude oil prices and a weaker ringgit limited losses.
Also Read:
Prabowo’s big palm oil agenda gets global support
President Jokowi Directs PFMA to Support Coconut and Cocoa Cultivation
The price of the benchmark palm oil contract for October 2024 delivery on the Bursa Malaysia Derivatives Exchange fell RM 15 per tonne or about 0.38%, to RM 3,917 (US$ 839.84) per metric tonne on ore.
The following are the details of the KPBN Tender results (Rp./Kg), Excld VAT for the period Thursday (18/7/2024):
CPO:
– Franco Belawan & Dumai Rp. 12,740-PHPO, PAA
– Kembayan Rp. 12,290-EUP
– Parindu Rp. 12,390-EUP
CPKO: Lampung IDR 17,589 (WD). Highest bid Rp. 14,000-AMJP. (P2)
