PALMOILMAGAZINE, JAKARTA – The crude palm oil (CPO) price at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at Rp 14,964/kg on Monday (25/11/2024), reflecting a 1.02% increase or Rp 151/kg compared to Friday’s (22/11/2024) highest bid price of Rp 14,813/kg.
According to KPBN data obtained by Palmoilmagazine.com, the Dumai Franco price was set at Rp 14,964/kg, while prices in Talang Duku and Se Tapung were set at Rp 14,764/kg and Rp 14,725/kg, respectively.
Meanwhile, on the Malaysian Exchange, palm oil futures prices rebounded after three consecutive sessions of decline. This increase was driven by stronger prices of other vegetable oils and speculation that Indonesia may raise export taxes and levies on palm oil in December.
The February FCPOc3 contract on the Bursa Malaysia Derivatives Exchange rose by RM 54/ton (1.16%) to RM 4,696/ton (US$ 1,055.76) at the close of trading.
Also Read: CPO Price at KPBN Inacom Slightly Decreased on Friday (11/22)
Malaysian palm oil futures opened higher following the recovery seen in other vegetable oils during Asian trading hours, said Anilkumar Bagani, Head of Research at Sunvin Group.
The price of Dalian’s most active soybean oil contract DBYcv1 fell 0.02%, while that of its palm oil contract DCPcv1 rose 1.15%. The price of soybean oil on the Chicago Board of Trade BOcv1 rose 0.91%.
The following are the details of the KPBN CPO Tender results (Rp./Kg), Excld VAT for the period Monday (25/11/2024):
- Franco Dumai Rp. 14,964-WNI
- Talang Duku IDR 14,764-Indonesian Rupiah
- Sei Tapung IDR 14,725-Indonesian Rupiah
- Teluk Bayur IDR 14,834-Indonesian Rupiah. (P2)
