PALMOILMAGAZINE, JAKARTA – On Wednesday (20/3/2024), the tender price for Crude Palm Oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom rose to Rp 13,250/kg, marking an increase of Rp 150/kg or approximately 1.15% from the previous day’s tender of Rp 13,100/kg on Tuesday (19/3/2024).
According to Palmoilmagazine.com from KPBN, the CPO Franco price in Belawan and Dumai stood at Rp 13,250/kg, while Crude Palm Kernel Oil (CPKO) in the Palembang region was priced at Rp. 14,068/kg.
The increase in CPO prices at the Malaysia Derivatives Exchange on Wednesday (20/3/2024) was attributed to improved export expectations and a reduction in production during March.
Also Read:
- CPO Price at KPBN Inacom and Bursa Malaysia Decreased on Tuesday (19/3)
- CPO Prices at KPBN Inacom Increased 0,46 Percent on Monday (18/3), Likewise on Bursa Malaysia
- 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)
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, saw a rise of RM 66 per ton or approximately 1.57%, reaching RM 4,267 (US$ 900.78) per metric ton by midday.
Here are tenders at KPBN (Rp./Kg), excluded income tax on Wednesday (20/3/2024):
CPO: Franco Belawan and Dumai Rp. 13.250-PHPO, SJIO
CPKO: Palembang Rp. 14.068-IKIN. (T2)
