CPO Tender at KPBN on 11 January 2023 Down IDR 90/kg

CPO Tender at KPBN on 11 January 2023 Down IDR 90/kg

Credit: Palmoilmagazine.com

Palmoilmagazine.com, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) got cheaper to be Rp 11.470/kg on Wednesday (11/1/2023). It means, it got cheaper Rp 90/kg compared to Tuesday (10/1/2023) tender which was Rp 11.560/kg.

What Palmoilmagazine.com got from KPBN, in Belawan and Dumai it was Rp 11.470/Kg. it happened the same with the cheaper other vegetable oil in the world and the worry about the decreasing demands.

As quoted from Reuters, CPO price at Bursa Malaysia Derivative Exchange did get cheaper for the second session. It hit the lowest level in the past three weeks on Wednesday. This was the impact of the traders that worried about demands knowing that the delivery since the early of January decreased half.

Here is CPO tender at KPBN (Rp/Kg), excluded income tax on Wednesday (11/1/2023):

CPO_________

Franco Belawan & Dumai Rp 11.470-PHPO, PAA. (T2)

READ MORE ON GOOGLE NEWS. or Let's join the Telegram group "Palm Oil Magazine", click the link https://t.me/palmoilmagazine, and join. You must first install the Telegram application on your android.