PALMOILMAGAZINE, JAKARTA – On Monday, July 22, 2024, the crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was Rp 12,810/kg, marking an increase of Rp 85/kg or approximately 0.67% from the previous Friday’s (July 19, 2024) tender, which was Rp 12,725/kg.
Based on information Palmoilmagazine.com received from KPBN Inacom, the CPO price at Franco Belawan and Dumai was Rp 12,810/kg. In Talang Duku, the CPO price was IDR 12,610/kg, but the price was withdrawn, with the highest bid being IDR 12,512/kg.
As reported by Reuters, CPO contract prices at the Malaysia Derivatives Exchange rose on Monday, July 22, 2024. This marked the fifth consecutive session of increases, supported by rising July exports, according to cargo surveyors’ reports.
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The reference CPO contract price, coded FCPO1, for October 2024 delivery at the Malaysia Derivatives Exchange, increased by RM 8 per ton, or about 0.2%, reaching RM 3,696 (US$ 789.57) per metric ton in the early session.
According to independent cargo surveyor AmSpec Agri Malaysia, on Saturday, palm oil exports from Malaysia on 1–20 July got increased by 41.4% to 1.002.572 tons from 1–20 June, that reached 708.873 tons.
Intertek Testing Services noted, palm oil exports from the country on July 1–20 increased by 39.2% to be 1.062.238 metric tons from June 1–20, when they reached 763.129 metric tons.
According from Reuters, soyoil contract price at Dalian with the code DBYcv1 got increased by 1.1%, while the CPO contract price with the code CPO1 increased by 0.8%. Soyoil price at Chicago Board of Trade ZL1 did increase by 1.1%.
Here are the CPO tenders at KPBN (Rp./Kg), excluded income tax on Monday (22/7/2024):
- Franco Belawan and Dumai Rp. 12.810-BEST, MM
- Talang Duku Rp. 12.610 (WD). With the highest bid Rp. 12.512-WNI. (P2)
