PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at the Indonesia Commodity Market (Inacom) or KPBN located in Dumai has increased on Thursday (7/11/2024). The price of CPO closed with a price of IDR. 15,430 / kg.
This price increased by IDR 100/kg, compared to trading on Wednesday (6/11/2024) which closed at IDR 15,330/kg. While the price of crude palm kernel oil (CPKO) located in Lampung experienced withdrawal, opened at a price of IDR. 24,198 / kg with the highest bid of IDR 21,900 / kg.
Meanwhile in Malaysia, the price of the FCPOc3 palm oil contract for January 2025 delivery on the Bursa Malaysia Derivatives Exchange fell RM 2 per tonne or about 0.04%, to RM 4,915 (US$ 1,114.77) per metric tonne at the midday break. (P3)
