PALMOILMAGAZINE, JAKARTA – The price of crude palm oil (CPO) at PT Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was set at Rp. 15,589 / kg on Monday (16/12 / 2024), thus the price of CPO recorded an increase of 0.23% or an increase of around Rp. 36 / kg, compared to the price of CPO on Friday (13/12 / 2024) with the highest bid of Rp. 15,553 / kg.
From the information obtained by Palmoilmagazine.com from KPBN, the Dumai Franco Price was set at IDR 15,589/Kg. The price of CPO in Talang Duku was set at IDR 15,424/Kg.
Meanwhile, as reported by Reuters, the price of Palm oil futures contracts on the Malaysian Exchange closed lower on Monday, (16/12/2024) for the second consecutive session, following the weakening of other vegetable oil prices, although the weaker ringgit currency limited losses.
Bursa Malaysia Derivatives Exchange benchmark contract prices fell 1.2% to RM 4,758 (US$ 1,069.21) per metric ton at the close. The contract price fell more than 4% over the past week.
The Ringgit, the palm oil trading currency, weakened 0.07% against the dollar, making the commodity cheaper for buyers holding foreign currencies.
The price of the most active soybean oil contract on the Dalian Commodity Exchange fell 0.08%, while the price of its palm oil contract rose 0.58%. Soybean oil prices on the Chicago Board of Trade fell 1.57%. The price of canola oil futures on the Zhengzhou Commodity Exchange rose 1.55%.
The following are the details of the KPBN CPO Tender results (Rp./Kg), Excld VAT for the period Monday (16/12/2024):
- Franco Dumai Rp. 15,589-EUP
- Talang Duku Rp. 15,424-PRISCOLIN. (P2)
