PALMOILMAGAZINE, JAKARTA – On Wednesday (21/8/2024), the crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom reached Rp 12,745/kg, marking an increased of Rp 70/kg, or approximately 0.55%, from Tuesday’s (20/8/2024) tender price of Rp 12,675/kg.
According to information Palmoilmagazine.com received from KPBN Inacom, CPO prices in Belawan and Dumai also reached Rp 12,745/kg.
Reuters reported that CPO contract prices at the Malaysia Derivatives Exchange rose on Wednesday, driven by a decrease in supply from the world’s second-largest palm oil producer, despite a decline in exports, which limited the price increase.
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CPO reference contract price – FCPO1 for November 2024 delivery at Malaysia Derivatives Exchange got better RM 17 per ton or about 0,46% to be RM 3.732 (US$ 853,22) per metric ton in the midday.
Soyoil contract at Dalian (DBYcv1) did increase 0,33%, CPO contract price did too 0,76%. Soyoil price at Chicago Board of Trade got increased 0,28%. (P2)
