InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) was in withdraw (WD) with the highest bid Rp 11.175/kg on Tuesday (7/11/2023). It means, it increased Rp 52/kg or about 0,52% compared to Friday (3/11/2023) tender that was Rp 11.117/kg.

What InfoSAWIT got from KPBN, CPO Franco Belawan and Dumai was Rp 11.190/Kg but in WD with the highest bid Rp. 11.175/kg. In Talang Duku it was Rp. 10.990/Kg. In Teluk Bayur it was Rp 11.060/kg.

Crude palm kernel oil (CPKO) in Dumai was Rp 11.096/Kg but in WD with the highest bid Rp. 10.939/kg. In Lampung it was Rp 10.875/Kg but in WD with the highest bid Rp. 10.100/kg. In Palembang it was Rp 10.732/Kg but in WD with the highest bid Rp. 10.357/kg.

CPO price at Malaysia Derivatives Exchange increased on Tuesday (7/11/2023), two previous sessions decreased. It happened for the decreasing Malaysia ringgit and the signs that China would escalate its demands.

As quoted from Reuters, CPO reference price with the code FCPOc3 for January 2024 delivery at Malaysia Derivatives Exchange increased RM 21 per ton or about 0,5% to be RM 3,774 (US$ 810,22) per metric ton in the lunch break.

Here are tenders at KPBN (Rp./Kg), excluded income tax on Tuesday (7/11/2023):

CPO_______

Franco Belawan and Dumai Rp. 11.190 with the highest bid Rp. 11.175-MNA, WNI

Talang DukU Rp. 10.990-SDS

Teluk Bayur Rp. 11.060-PRCW

CPKO______

Dumai Rp. 11.096- with the highest bid Rp. 10.939-SDS

Lampung Rp. 10.875 (WD) with the highest bid Rp. 10.100- AMJP

Palembang Rp. 10.732 with the highest bid Rp. 10.357-SAP

(T2)