PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was priced at Rp. 12,725 per kilogram (/kg) on Friday, July 19, 2024.
This represents a decreased of Rp 15/kg, or approximately 0.12%, from the Thursday, July 18, 2024, tender price of Rp 12,740/kg.
What Palmoilmagazine.com got from KPBN, CPO Franco in Belawan and Dumai was Rp 12.725/kg., CPO in Talang Duku was Rp. 12.525/kg.
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According to what Palmoilmagazine.com calculated on 15-19 July 2024, CPO average tender at KPBN got cheaper about Rp 92,80/kg to be Rp 12.706,20/kg or about 0,73% to CPO average tender in the previous week (8-12 July 2024) that was Rp. 12.799,00/kg.
As quoted from Reuters, CPO contract price at Malaysia Derivatives Exchange got changed on Friday (19/7/2024) because soyoil contract price got increased at Dalian and Chicago and it balanced the decreasing crude oil price.
CPO reference contract price with the code FCPO1 for October 2024 delivery at Malaysia Derivatives Exchange got escalated 0,05% to be RM 3.939 (US$ 842,57) per metric ton in the evening.
Still from Reuters, soyoil contract price at Dalian with the code DBYcv1 got escalated 1,23%, CPO contract price with the code CPO1 got decreased 0,15%. Soyoil price at Chicago Board of Trade ZL1 got escalated 0,41%.
The traders were still monitoring other vegetable oil price to know what would happen in the trade.
Here are CPO tenders at KPBN (Rp./Kg), excluded income tax on Friday (19/7/2024):
- Franco Belawan and Dumai Rp. 12.725-MNA, PMA
- Talang Duku Rp. 12.525-WNI. (T2)
