CPO Prices Rise at KPBN Inacom to Rp 15,254/kg on Thursday (11/14)

Palm Oil Magazine
CPO Prices Rise at KPBN to Rp 15,254/kg on Thursday (11/14). Photo by: Palm Oil Magazine

PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at Rp 15,254/kg on Thursday (14/11/2024), thus the CPO price recorded an increase of 0.65% or an increase of around Rp 99/kg, compared to the CPO price on Wednesday (13/11/2024) which reached Rp 15,155/kg.

From information obtained by Palmoilmagazine.com from the KPBN, the Dumai Franco Price was set at Rp 15,254/kg. The CPO price in Talang Duku was set at Rp 15,054/kg. The CPO price at Sei Tapung was set at IDR 15,015/kg.

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While reported by Reuters, the price of Palm oil futures on the Malaysian Exchange closed lower for the third consecutive session on Thursday, (11/14/2024) weighed down by weaker prices for other vegetable oils traded on the Dalian Exchange.

Also Read: CPO Reference Price for November 2024 Set at US$ 961.97/MT, Marking a 7.65% Increase

The price of Bursa Malaysia Derivatives Exchange’s benchmark FCPOc3 palm oil contract ended down RM 23 per ton or about 0.46% lower, to RM 4,964 (US$ 1,108.53) per metric ton.

While the price of Dalian’s most active soybean oil contract DBYcv1 fell 1.61%, its palm oil contract DCPcv1 fell 0.44%. The price of soybean oil on the Chicago Board of Trade BOc2 rose 0.93%.

The following are the details of the KPBN Tender results (Rp./Kg), Excld VAT for the period Thursday (14/11/2024):

CPO:

  • Franco Dumai Rp. 15,254-KJA
  • Talang Duku Rp.15,054-MM
  • Sei Tapung IDR 15,015-SDS

CPKO:

  • Belawan IDR 25,871 (WD). Highest bid Rp. 24,160-MM
  • Lampung Rp. 25,650 (WD). Highest bid Rp. 23,160-IKIN. (P2)
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