InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) increased to be Rp 11.225/kg on Friday (3/11/2023). It means it got better Rp 20/kg or about 0,18% compared to Thursday (2/11/2023) tender that was Rp 11.205/kg.

For this week, CPO average price at KPBN increased about 1,12%.

What InfoSAWIT got from KPBN, CPO Franco Belawan and Dumai was Rp 11.225/Kg. In Talang Duku it was Rp. 11.025/Kg but in withdraw (WD) with the highest bid Rp 11.000/Kg. In Teluk Bayur it was Rp 11.095/kg.

Crude palm kernel oil (CPKO) in Palembang was Rp. 10.405/Kg. In Lampung it was Rp. 10.548/Kg, but in WD with the highest bid Rp. 9.000/kg

CPO price at Malaysia Derivatives Exchange also increased on Friday (3/11/2023) because many worried about the lack of supply that surpassed the worry about decreasing food imports to India, and decreasing demands in China.

As quoted from Reuters, CPO reference contract price with the code FCPOc3 for January 2024 delivery at Bursa Malaysia Derivatives Exchange was RM 3,784 per ton (US$ 798,82) per metric ton in the break lunch.

It increased 0,2% for the past one week and headed to the increasing price in fourth week in a row.

Here are tenders at Tender KPBN (Rp./Kg), excluded income tax on Friday (3/11/2023):

CPO_______

Franco Belawan and Dumai Rp. 11.225-EOP, WNI

Talang Duku Rp. 11.025 (WD) with the highest bid Rp. 11.000-PRISCOLIN

Teluk Bayur Rp. 11.095-WNI

CPKO_______

Palembang Rp. 10.405- IKIN

Lampung Rp. 10.548 (WD) with the highest bid Rp. 9.000- AMJP

(T2)