PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) tender at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom reached Rp 13,233/kg on Tuesday, August 27, 2024, reflecting an increase of Rp 144/kg, or about 1.1% compared to the previous day’s tender of Rp 13,089/kg.
What Palmoilmagazine.com got from KPBN, CPO Franco Belawan and Dumai was Rp. 13.233/kg. CPO Franco in Teluk Bayur was Rp. 13.103/kg. CPO Franco in Tapung was Rp. 12.994/kg.
As quoted from Reuters, CPO contract price at Malaysia Derivatives Exchange got escalated for five days in a row on Tuesday (27/8/2024). It maintained the longest rally in the past six weeks with the close supply prediction and plans of Indonesia to increase biodiesel mandatory program.
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CPO reference contract price for November 2024 delivery at Malaysia Derivatives Exchange got escalated RM 0,71% per ton to be RM 3.952 (US$ 908,92) per metric ton in the midday.
CPO got escalated to its highest level in this month because of the changing tax policy and biodiesel mandatory in Indonesia.
Still from Reuters, soyoil contract pricd at Dalian got escalated 1,87%, CPO contract price did too 1,56%. Soyoil price at Chicago Board of Trade got decreased 0,42%. (P2)
