InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) got decreasing to be Rp 10.800/kg on Wednesday (7/9/2022), It means, it got cheaper Rp 251/kg compared to Tuesday (6/9/2022) tender which was Rp 11.051/kg.
From what InfoSAWIT got from KPBN, in Belawan and Dumai it was Rp 10.800/Kg. In Teluk Bayu it was Rp 10.680/Kg but in withdraw (WD) status with the highest bid Rp 10.478/Kg. In Talang Duku there was no information. In West Kalimantan it was Rp 10.600/Kg but in WD status with the highest bid Rp 10.250/Kg.
The domestic CPO got cheaper and it was the same with CPO price projection in the globe which was said to get abundant stocks and the economic projection which could be not good, including the close access in some cities, such as, Sehezen and Dalian, China.
Bloomberg mentioned, the high stock could muffle CPO price after it got cheaper for more than 40% since May 2022. It happens for Indonesia published many regulations to escalate its CPO export, including publishing export levy extension (zero export levy) until the late of October 2022.
Here are CPO tender at KPBN (Rp./Kg), excluded income tax on Wednesday (7/9/2022):
Franco Belawan and Dumai Rp. 10.800-MM, IBP, ACI
T.Bayur Rp. 10.680 withdraw (WD) with the highest bid Rp. 10.478-WIRA
Kalbar Rp. 10.600 (WD) with the highest bid Rp. 10.250-EUP