PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at Rp. 14,810 / kg on Wednesday (30/10/2024), thus the price of CPO recorded an increase of 0.41% or an increase of around Rp. 60 / kg, compared to the price of CPO on Tuesday (29/10/2024) which reached Rp. 14,750 / kg.
From the information received by Palmoilmagazine.com from KPBN Inacom, the CPO price in Belawan & Dumai was set at IDR 14,750/Kg. The price of CPO in Talang Duku was set at IDR 14,643/Kg.
While reported by Reuters, the price of Palm oil futures on the Malaysian Exchange fell on Wednesday, (30/10/2024) weighed down by profit-taking and concerns that palm oil prices are getting higher than other vegetable oils and could reduce demand.
Benchmark palm oil price FCPOc3 for January 2025 delivery on Bursa Malaysia Derivatives Exchange fell RM 31 per tonne or about 0.67%, to RM 4,606 (US$ 1,049.44) per metric tonne during the midday break. The market will be closed on Thursday for a holiday.
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Dalian’s most active soybean oil contract price DBYcv1 fell 0.14%, while its palm oil contract price DCPcv1 rose 0.28%. The price of soybean oil on the Chicago Board of Trade BOcv1 fell 0.07%.
The following are the details of the KPBN Tender results (Rp./Kg), Excld VAT for the period Wednesday (30/10/2024):
CPO:
- Franco Belawan & Dumai Rp. 14,810-EUP
- Talang Duku Rp. 14,643-EUP. (P2)
