CPO Prices at KPBN Inacom and Malaysia Increased on Tuesday (7/30)

PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was Rp. 13,050/kg on Tuesday (30/7/2024), an increase of Rp. 50/kg or about 0.38% from Monday’s (29/7/2024) tender price of Rp. 13,000/kg.

Based on information obtained by Palmoilmagazine.com from KPBN Inacom, the price of CPO in Kuala Tanjung and Dumai is Rp. 13,050/kg, and in Talang Duku Rp. 12,850/kg.

Meanwhile, the price of crude palm kernel oil (CPKO) in Kuala Tanjung reached Rp. 19,600/kg.

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As quoted from Reuters, CPO contract prices at the Malaysia Derivatives Exchange rose on Tuesday (30/7/2024), driven by increasing CPO contract prices at Dalian. The October 2024 delivery CPO contract (FCPO1) at the Malaysia Derivatives Exchange increased by RM 11 per ton, or about 0.28%, to RM 3,919 (US$ 845.71) per ton by midday.

Still from Reuters, soyoil contract price at Dalian with the code DBYcv1 got cheaper 0,05%, CPO contract price – CPO1 got escalated 1,75%. Soyoil price at Chicago Board of Trade ZL1 did increase 0,4%. (P2)