Palmoilmagazine, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) on Tuesday (26/7/2022) got beter to be Rp 9.375/kg. It means, it increased about Rp 270/kg compared to Monday (25/7/2022) tender which was Rp 9.105/kg.
From what Palmoilmagazine got from KPBN, in Belawan and Dumai it was Rp 9.375/kg, in Teluk Bayur it was Rp 9.255/Kg but in withdraw (WD) status within the highest bid Rp 9.175/Kg. In Palembang it was Rp 9.275/kg and in WD status within the highest bid Rp 9.165/kg. In West Kalimantan it was Rp 9.175/kg and in WD status within the highest bid Rp 9.100/kg. In Talang Duku there was no information.
The Government of Indonesia tried to escalate the CPO exports to reduce the abundant stocks in this country by implementing many policies, such as, eliminating export levy.
It delivered the positive to escalate local CPO price but for CPO traders in the globe, CPO gets cheaper about 50% from the latest record in April 2022.
Last week, the Government of Indonesia considered to eliminate domestic market obligation and domestic price obligation to accelerate the exports, as Minister of Trade, Zulkifli Hasan told, as in the official statement Palmoilmagazine.
Here are CPO tender at KPBN (Rp/Kg), exclude income tax on Tuesday (26/7/2022):
In Belawan and Dumai it was Rp 9.375-PHPO, WNI, MNA
In T.Bayur it was Rp 9.255 (WD) within the highest bid Rp 9.175-WNI
In Palembang it was Rp 9.275 (WD) within the highest bid Rp 9.165-SAP
In West Kalimantan it was Rp 9.175 (WD) within the highest bid Rp 9.100-EUP