PALMOILMAGAZINE, JAKARTA – The tender price for Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was Rp 13,120/kg on Monday (18/3/2024). This indicates an increase of Rp 60/kg or approximately 0.46% compared to the tender price on Friday (15/3/2024), which was Rp 13,060/kg.
According to information obtained by Palmoilmagazine.com from KPBN, the Franco price for CPO in Belawan and Dumai was Rp 13,120/kg.
At the Malaysia Derivative Exchange, CPO prices increased on Monday (18/3/2024) due to the significant rise in prices of other vegetable oils. However, smaller than predicted exports and higher production expectations restrained the upward movement of prices.
Also Read:
- CPO Price at KPBN Inacom Tender Increased 0.46% on Friday (15/3), Weekly CPO Prices surged by 3.01%
- CPO Prices Surge 1.52% at KPBN Inacom Tender on Thursday (14/3), Mirroring Increase in Malaysia Exchange
- CPO Price at KPBN Inacom Tender Surged 1,15 Percent on Wednesday (13/3)
- KPBN Inacom CPO Tender Incrased by 0.52%: Weekly CPO Price Surges 2.35% on Friday (8/3)
- CPO Prices at KPBN Tender Dip 0.29% on Thursday (7/3), Malaysia Exchange Follows Suit
As reported by Reuters, the reference contract price for CPO with the code FCPOc3, scheduled for delivery in June 2024 at the Malaysia Derivatives Exchange, rose by 0.55% to reach RM 4,243 per ton (equivalent to US$ 899.70) at midday. Although it experienced a 1.89% increase in the beginning session, it later saw a decrease.
Here are tenders at KPBN (Rp./Kg), excluded income tax on Monday (183/2024):
CPO: Franco Belawan and Dumai Rp. 13.120-PHPO,MM, PAA. (T2)
