PALMOILMAGAZINE, JAKARTA – The tender for crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom reached Rp 13,215/kg on Monday, March 25, 2024. This marks a rise of Rp 54/kg or approximately 0.41% compared to the previous tender held on Friday, March 22, 2024, which stood at Rp 13,161/kg.
According to information obtained from Palmoilmagazine.com from KPBN, the price of CPO Franco in Belawan and Dumai was recorded at Rp 13,215/kg. Meanwhile, CPO Franco in Talang Duku was priced at Rp 13,065/kg but was withdrawn (WD), with the highest bid reaching Rp 12,985/kg.
Furthermore, the CPO price at the Malaysia Derivatives Exchange also saw an increase on Monday, March 25, 2024, halting its decline over the previous two sessions. This uptrend was supported by robust export data and a slower growth in production.
Also Read:
- CPO Tender at KPBN Inacom Withdrawn on Friday (22/3), Weekly Increase of 1.75%
- CPO Price at KPBN Inacom was Withdrawn on Thursday (21/3) and the Malaysian Exchange got Cheaper
- CPO Prices at KPBN Inacom Jumped 1.15 Percent on Wednesday (20/3) and Similarly on Malaysian Exchanges
- 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
As quoted from Reuters, CPO reference contract price with the code FCPOc3 for June 2024 delivery at Bursa Malaysia Derivatives Exchange escalated 1% to be RM 4.230 (US$ 895,05) per metric ton in the midday.
Here are tenders at KPBN (Rp./Kg), excluded income tax on Monday (25/3/2024):
CPO:
- Franco Belawan and Dumai Rp. 13.215-PHPO, PAA, KJA
- Talang Duku Rp. 13.065 (WD) with the highest bid Rp. 12.985-PII. (T2)
