PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at IDR 15,245/kg on Thursday (28/11/2024), marking a 0.53% increase or IDR 80/kg compared to Tuesday’s (26/11/2024) price of IDR 15,165/kg.
According to data from KPBN reported by Palmoilmagazine.com, the Dumai Franco price was also set at IDR 15,245/kg, while CPO prices in Teluk Bayur reached IDR 15,045/kg. Meanwhile, palm kernel oil (CPKO) prices in Lampung opened at IDR 24,963/kg, with a withdrawal (WD) and the highest bid recorded at IDR 24,300/kg.
On the global front, palm oil futures on the Malaysian Exchange rose for the fourth consecutive session on Thursday, supported by strengthening vegetable oil prices on the Dalian Exchange, attributed to competitive pricing, as reported by Reuters.
Also Read: CPO Price at KPBN Inacom Increased by Rp 201 on Tuesday, November 26, 2024
The price of the benchmark FCPOc3 palm oil contract for February 2025 delivery on the Bursa Malaysia Derivatives Exchange rose RM 86 per tonne or about 1.79%, to RM 4,884 (US$ 1,099.01) per metric tonne at the closing session.
Then, the price of Dalian’s most active soybean oil contract DBYcv1 rose 0.1%, while the price of its palm oil contract DCPcv1 rose 1.56%.
The following are the details of the KPBN Tender results (Rp./Kg), Excld VAT for Thursday (28/11/2024):
CPO:
- Franco Dumai Rp. 15,245-IBP
- Talang Duku Rp. 15,045-PRISCOLIN
CPKO:
Lampung IDR 24,963 (WD). Highest bid Rp. 24,300-IKIN. (P2)
