PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) price at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom reached Rp 13,118/kg on Wednesday (11/9/2024), marking an increase of Rp 29/kg or approximately 0.22% compared to the previous day’s tender, which was Rp 13,089/kg.
According to information from KPBN, CPO Franco in Belawan and Dumai was priced at Rp 13,118/kg, while in Sei Tapung it stood at Rp 12,879/kg. Crude palm kernel oil (CPKO) in Belawan was recorded at Rp 21,076/kg, though it was withdrawn (WD) with the highest bid reaching Rp 20,900/kg.
The reference price for CPO contracts on the Malaysia Derivatives Exchange fell on Wednesday (11/9/2024) after the Malaysian Palm Oil Board (MPOB) announced an increase in the country’s palm oil stock compared to the previous month as reported by Reuters.
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CPO reference contract price (FCPOc3) for November 2024 delivery at Malaysia Derivatives Exchange got decreased RM 24 per ton or about 0,62%, to be RM 3.909 (US$ 903) per metric ton in the midday. (P2)
