PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) tender at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom on Wednesday, September 18, 2024, reached Rp 13,100/kg. This marked an increase of Rp 175/kg, or about 1.35%, from the previous day’s tender on September 17, 2024, which was Rp 12,925/kg.
According to information from KPBN, CPO Franco prices were recorded as follows: Rp 13,100/kg in Belawan and Dumai, Rp 12,845/kg in Talang Duku, and Rp 12,750/kg in Ngabang, Parindu, and Kembayan.
Reuters reported that the CPO contract price on the Malaysia Derivatives Exchange also saw an increase on September 18, 2024. This was driven by traders reacting to weather forecasts predicting poor conditions in Malaysia, which could impact production and drive up the prices of other vegetable oils.
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CPO contract price (FCPOc3) for December 2024 delivery at Malaysia Derivatives Exchange (Bursa Malaysia) got increased RM 64 per ton or about 1,71% to be RM 3.800 (US$ 896,65) per metric ton in the midday.
Department of Meteorology of Malaysia, Monday, announced the warning that rain would be always falling down in the four states until 21 September, and other states would get some thunders, heavy rain, and wind.
Still from Reuters, soyoil contract price Dalian (DBYcv1) got increased 1,3%, CPO contract (DCPcv1) did increase 0,94%. Soyoil price at Chicago Board of Trade (BOcv1) did too 1,05%. (P2)
