infosawit

CPO Tender at KPBN Got Better to be Rp 7.560/Kg



CPO Tender at KPBN Got Better to be Rp 7.560/Kg

InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) on Tuesday (12/7/2022) got better to be Rp 7.560/kg. It means, it got more expensive Rp 90/kg compared to Monday (11/7/2022) which was only Rp 7.470/kg.

From what InfoSAWIT got from KPBN, in Belawan and Dumai, it was Rp 7.560/kg, in Teluk Bayur it was Rp 7.440/kg but there is no withdraw (WD) status within the highest bid at Rp 7.185/kg.

Prior the government through Coordinator Ministry in Maritime and Investment tried to boost CPO export so that some mills’ storage tanks could be back to normal. Ministry of Trade did boost too by publishing Decision of General Director of Foreign Trade Number 13 / 2022 about Export Approval Volume Multiplier Ration on Crude Palm Oil, Refined, Bleached and Deodorized Palm Oil, Refined, Bleached and Deodorized Palm Olein and Used Cooking Oil which regulated that the numbers of export approval allocation would be 7 (seven) times more than the numbers of domestic market obligation to the exporters.

The government also would escalate the CPO absorption in this country by increasing the numbers of biodiesel mixture to be 35% to diesel or famously known as B35. It is estimated, the CPO absorption would increase 6,4% to be 10,8 million kiloliters (kl).

According to Ministry of Energy and Mineral Resource (MEMR), biodiesel absorption by June 2022 reached 4,9 million kl, equal to 49 % of the end year target which reached 10,15 million kl. As quoted from Katadata, Director of Bioenergy General Directorate of New Renewable Energy and Energy Conservation, MEMR, Edi Wibowo said, biodiesel absorption could be more than the end year target. The condition is that if the government realized B35.

Here are CPO tender at KPBN or exclude income tax on Tuesday (12/7/2022):

CPO___

In Belawan & Dumai it was Rp 7560-THIP, PRISCOLIN

In T.Bayur it was Rp 7440 (WD). The highest bid was Rp7185-WIRA

PKO____

In Dumai it was Rp 9351-UNILEVER

(T2)


READ MORE ON GOOGLE NEWS.