InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) increased to be Rp 10.955/kg on Friday (13/10/2023). It means it got better Rp 210/kg or increased about 1,91% compared to Thursday (12/10/2023) tender that was Rp 10.745/kg.

What InfoSAWIT got from KPBN, CPO in Belawan and Dumai was Rp 10.955/Kg. In Talang Duku it was Rp. 10.755/kg.

CPO trade in Malaysia Derivatives Exchange also increased. As quoted from Reuters, CPO reference contract price with the code FCPOc3 for December 2023 delivery at Malaysia Derivatives Exchange increased RM 46 per ton or about 1,26% to be RM 3,684 (US$ 778,69) per metric ton in the midday lunch break after it increased hardly 2,5% on Thursday.

The Government of Indonesia launched its CPO exchange by assigning PT ICDX as the executor.

Head of Commodity Futures Trading Supervisory Agency, Didid Noordiatmoko said the main goal of CPO futures is about to realize the dream of Indonesia to get its own CPO price which is fair, transparent, and real time.

“Commodity exchange in Indonesia would be a voluntary which means, there is no force for every stakeholder to participate in realizing CPO dignity in this country,” Head of Commodity Futures Trading Supervisory Agency, Didid Noordiatmoko said when delivering his speech in Indonesian Derivative and Commodity launching that InfoSAWIT saw, Friday (13/10/2023).

Here are tenders at KPBN (Rp./Kg), excluded income tax on Friday (13/10/2023):

CPO_______

Franco Belawan and Dumai Rp. 10.955-MNA, PAA, WNI

Talang Duku Rp. 10.755-WNI

(T2)