PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) tender price at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was withdrawn (WD) with the highest bid at IDR12,978/kg on Thursday, August 1, 2024.
The price decreased by IDR58/kg or 0.44% from the auction price on Wednesday, July 31, 2024, which was IDR13,036/kg.
According to information Palmoilmagazine.com obtained from KPBN Inacom, CPO prices at Franco Belawan and Dumai opened at IDR 13,040/kg, but the WD with the highest bid was IDR 12,978/kg.
Also Read:
Meanwhile, the CPO contract prices on the Bursa Malaysia Derivatives Exchange (MDX) fell for the second consecutive session on Thursday, August 1, 2024, due to a stronger Malaysian ringgit and cheaper prices of other vegetable oils, as quoted from Reuters.
The price of the CPO contract for October 2024 delivery, coded FCPOc3, fell RM 47 per ton, or about 1.2%, to RM 3,861 (US$ 852.24) per metric ton at midday.
Still from Reuters, soyoil contract price at Dalian with the code DBYcv1 got decreased 0,55%, CPO contract price with the code DCPcv1 did too 0,66%. Soyoil price at Chicago Board of Trade with the code BOc2 did decrease 0,39%. (T2)
