PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at Rp. 13,212 / kg on Wednesday (4/9/2024), thus the CPO price was recorded to have decreased by Rp. 130 / kg, or there was a decrease of around 0.97% compared to the CPO price on Tuesday (3/9/2024) which reached Rp. 13,342 / kg.
From the information obtained by Palmoilmagazine.com from KPBN, the price of CPO Franco Belawan & Dumai was set at Rp. 13,212 / kg. Then the Teluk Bayur CPO price was set at IDR 13,082 / kg. The price of Talang Duku CPO opened at Rp. 13,012 / kg, but there was a withdrawal (WD) with the highest bid of Rp. 12,902 / kg. Ngabang CPO price opened at Rp. 12,862 / kg, but there was a withdrawal (WD) with the highest bid of Rp. 12,657 / kg.
While reported by Reuters, the price of palm oil futures on the Malaysian Exchange continued to decline on Wednesday, (4/9/2024) following the decline in other vegetable oil prices and a decline in palm oil imports in India.
Also Read:
- Prabowo Subianto Aims for Food and Energy Self-Sufficiency with Palm Oil Focus
- Vice Minister of Agriculture Advocates for Certified Seeds to Boost B35 Program
- Smallholders Palm Oil Plantations in Rantau Bertuah Granted Legal Status
- Toward Achieving Sustainable Agribusiness Excellence
- Vice Minister of Agriculture Advocates for Certified Seeds to Boost B35 Program
The benchmark FCPOc3 palm oil contract price for November 2024 delivery on the Bursa Malaysia Derivatives Exchange fell 0.97% to RM 3,893 (US$ 895.97) per metric ton at the midday break, and was on track to decline for the third consecutive session.
The price of Dalian’s most active soybean oil contract DBYcv1 fell 0.57%, while that of its palm oil contract DCPcv1 fell 1.58%. Chicago Board of Trade BOcv1 fell 0.29%. (P2)
