InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) was in withdraw dengan with the highest bid Rp 11.115/kg on Tuesday (17/10/2023). It means it got better Rp 52/kg or increased about 0,46% compared to Monday (16/10/2023) tender that was Rp 11.063/kg.
What InfoSAWIT got from KPBN, CPO in Belawan was Rp 11.165/Kg but in withdraw (WD) with the highest bid Rp 11.115/kg. CPO in Dumai was Rp 11.165/Kg, and in WD with the highest bid Rp 11.136/kg. In Siak it was Rp. 11.045/kg and in WD with the highest bid Rp 10.905/kg
CPO trade at Malaysia Derivatives Exchange increased to the highest level in the past three weeks and the increasing exports when crude oil got cheaper that limited the increasing price.
As quoted from Reuters, CPO reference contract price with the code FCPOc3 for January 2023 delivery at Malaysia Derivatives Exchange increased RM 15 per ton or about 0,4% to be RM 3,793 (US$ 801,73) per metric ton in the morning session.
Here are tenders at KPBN (Rp./Kg), excluded income tax on Tuesday (17/10/2023):
In the closing price at Malaysia Derivative Exchange on Monday, CPO got better – in Nov, December 2023 and January 2024 would be RM 3735, RM 3765 and RM 3780 - increased compared to RM 3714, RM 3737 and RM3759 by last week trade (Friday).
Franco Belawan Rp. 11.165 (WD) with the highest bid Rp. 11.115-PPI
Dumai Rp. 11.165 (WD) with the highest bid Rp. 11.136-SJIO
Siak Rp. 11.045 (WD) with the highest bid Rp. 10.905-PII