PALMOILMAGAZINE, JAKARTA – On Monday, August 21, 2023, a substantial transformation unfolded in the Crude Palm Oil (CPO) landscape as the tender held at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) commanded considerable attention. The prevailing market conditions witnessed an upward trajectory, propelling CPO prices to reach an impressive Rp 11,255 per kilogram.
This abrupt surge marked a noteworthy increment of Rp 175 per kilogram in relation to the preceding Friday’s tender on August 18, 2023, which had recorded prices at Rp 11,080 per kilogram.
What Palmoilmagazine.com got from KPBN, CPO in Belawan and Dumai was Rp 11.255/Kg. In Talang Duku it was Rp. 11.105/Kg but in withdraw (WD) with the highest bid Rp 10.997/Kg.
The increasing price happened with CPO trade at Malaysia Derivatives Exchange. As quoted from Reuters, CPO contract price with the code FCPOc3 for November 2023 delivery at Malaysia Derivatives Exchange increased RM 74 or about 1,91%, to be RM 3.946 (US$ 848,97) per metrict ton in the early trade and cut off the losses from the previous sessions.
Here are tenders at KPBN (Rp./Kg), excluded income tax on Monday (21/8/2023):
Franco Belawan and Dumai Rp. 11.255-WNI, MNA
Talang Duku Rp. 11.105 (WD) with the highest bid Rp. 10.997-WNI