InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) had been stagnant or Rp 11.050/kg on Wednesday (1/11/2023). It means there was no change compared to it on Tuesday (31/10/2023) that was Rp 11.050/kg.
What InfoSAWIT got from KPBN, CPO Franco Belawan and Dumai was Rp 11.050/Kg. In Talang Duku it was Rp. 10.850/Kg.
CPO average price at KPBN in October 2023 increased about 0,76% with the average at Rp. 10.957,90/kg compared to it in September that was at Rp. 10.875,85/kg.
Crude palm kernel oil in Palembang was Rp. 10.612/Kg, but in withdraw (WD) with the highest bid Rp. 10.010/kg. In Lampung it was Rp. 10.755/Kg but in WD with the highest bid Rp. 10.000/kg
CPO price at Malaysia Derivatives Exchange decreased. It decreased for the third session in a row on Wednesday (1/11/2023) because of the worry about increasing stock and cheaper vegetable oil price.
As quoted from Reuters, CPO reference contract price with the code FCPOc3 for January 2024 delivery at Malaysia Derivatives Exchange decreased RM 17 per ton or about 0,5% to be RM 3,661 (US$ 767,18) per metric ton in the opening session.
Here are tenders at KPBN (Rp./Kg), excluded income tax on Wednesday (1/11/2023):
Franco Belawan and Dumai Rp. 11.050-MM, IBP
Talang Duku Rp. 10.850-SDS
Palembang Rp. 10.612 (WD). With the highest bid Rp. 10.010- IKIN
Lampung Rp. 10.755 (WD) with the highest bid Rp. 10.000- AMJP