CPO Prices at KPBN Inacom Drop 0.65% on Monday (2/9)

PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) tender at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was priced at Rp 13,242/kg on Monday (2/9/2024), reflecting a decrease of Rp 106/kg, or approximately 0.65%, from Friday’s (30/8/2024) tender price of Rp 13,328/kg.

According to information Palmoilmagazine.com received from KPBN, Franco’s CPO price in Belawan and Dumai also reached Rp 13,242/kg.

As reported by Reuters, the CPO contract price on the Malaysia Derivatives Exchange fell on Monday (2/9/2024) due to profit-taking and lower CPO prices on the Dalian Exchange.

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CPO contract reference price for November 2024 delivery at Malaysia Derivatives Exchange got decreased RM 38 per ton or about 0,96% to be RM 3.939 (US$ 909,49) per metric ton in the midday.

Soyoil contract price at Dalian got decreased 0,54%, CPO contract price did decrease 1,27%. Chicago Board of Trade was close because of holiday. (P2)