PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) at the PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom tender was priced at Rp 13,358/kg on Thursday, September 19, 2024. This reflects an increase of Rp 258/kg, or about 1.97%, from Wednesday’s tender price of Rp 13,100/kg on September 18, 2024.
According to KPBN data obtained by Palmoilmagazine.com, CPO Franco prices in both Belawan and Dumai were recorded at Rp 13,358/kg.
As reported by Reuters, CPO contract prices on the Malaysian Derivatives Exchange rose on Thursday, September 19, 2024, driven by increased contract prices on the Dalian Exchange and a weakening ringgit, despite crude oil prices continuing to limit gains.
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The December 2024 CPO reference contract price at the Malaysian Derivatives Exchange climbed by RM 68 per ton, or about 1.77%, reaching RM 3,913 (US$ 917.47) per metric ton by the evening.
CPO contract price got escalated because there were predictions that the exports got more and vegetable oil got more expensive. Contract price got escalated 3% in the previous session, the biggest increasing session since on 24 July 2023.
Still from Reuters, soyoil contract price at Dalian got escalated 0,82%, CPO contract price did too 2,33%. Soyoil price at Chicago Board of Trade got decreased 0,15%. (P2)
