Palmoilmagazine, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) got cheaper to be Rp 10.970/kg on Tuesday (20/9/2022). It means, it slightly got cheaper Rp 85/Kg compared to Monday (19/9/2022) tender which was Rp 11.055/kg.
From what Palmoilmagazine got from KPBN, in Belawan and Dumai it was Rp 10.970Kg. In Teluk Bayu it was Rp 10.820/Kg. In Talang Duku it was Rp 10.820/Kg but in withdraw (WD) status with the highest bid Rp 10.720/Kg.
The Government of Indonesia is temporarily stopping export levy and Out Fee reference price every two weeks to empty the CPO tanks of many companies.
In the meantime, palm oil production in Malaysia could be increasing in September 2022 although the country is lack of workers and having expensive export tax that could limit the increasing export, as Refinitiv Commodities Research reported on Monday (19/9/2022).
Here are CPO tender at KPBN (Rp/Kg), excluded income tax on Tuesday (20/9/2022):
Franco Belawan and Dumai Rp 10.970-MM, IBP
T.Bayur Rp 10.820-WIRA
T.Duku Rp 10.820 withdraw (WD) with the highest bid Rp 10.720-MM