PALMOILMAGAZINE, JAKARTA – On Tuesday, August 20, 2024, the crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was priced at Rp 12,675/kg, reflecting an increase of Rp 50/kg or about 0.40% compared to Monday’s tender price of Rp 12,625/kg.
According to information Palmoilmagazine.com received from KPBN Inacom, the price of CPO in Belawan and Dumai was Rp 12,675/kg, in Sei Tapung it was Rp 12,436/kg. Meanwhile, the price of CPKO in Belawan was Rp 19,917/kg.
Reuters reported that the CPO contract price at the Malaysia Derivatives Exchange declined on Tuesday as traders awaited new insights from August 2024 export data. Meanwhile, the soyoil contract price at Dalian also fell.
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CPO reference contract price (FCPO1) for November 2024 delivery at Malaysia Derivatives Exchange got decreased RM 4 per ton or about 0,11% to be RM 3.717 (US$ 850,18) per metric ton in the midday.
CPO could be on the floor at about RM 3.700 to RM 3.7500 per ton, while data exports and production are about to be existing, as a trader in Kuala Lumpur, said.
Still from Reuters, soyoil contract price at Dalian (DBYcv1) got increased 0,68%, CPO contract price (CPO1) did increase 0,98%. Soyoil price at Chicago Board of Trade (BOc2) got decreased 0,05%. (P2)
