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CPO Tender at KPBN on Wednesday (3/1) Was Withdraw, With the highest bid Rp 10.975/Kg



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CPO Tender at KPBN on Wednesday (3/1) Was Withdraw, With the highest bid Rp 10.975/Kg

InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) was withdraw (WD) with the highest bid Rp 10.975/kg on Wednesday (3/1/2024). It means CPO got cheaper Rp 258/kg or about 2,29% compared to Friday (22/12/2023) tender that was Rp 11.233/kg.

What InfoSAWIT got from KPBN, CPO Franco in Belawan was Rp 11.111/Kg, but in WD with the highest bid Rp 10.975/kg. CPO in Palembang was Rp 10.961/Kg, but in WD with the highest bid Rp 10.778/kg. CPO in Siak was Rp 10.961/Kg, but in WD with the highest bid Rp 10.825/kg

Crude palm kernel oil (CPKO) in Dumai was Rp 11.854/Kg but in WD with the highest bid Rp 11.453/kg.

CPO price at Malaysia Derivative Exchange got cheaper for the fourth session in a row on Wednesday (3/1/2024) and hit the lowest level in the past two months. This happened for the decreasing demands and cheaper soyoil.

As quoted from Reuters, CPO reference contract with the code FCPOc3 for March 2024 delivery at Malaysia Derivatives Exchange got cheaper RM 43 per ton or about 1,2% to be RM 3.617 (US$ 780,87) per metric ton in the midday.

Here are tenders at KPBN (Rp./Kg), excluded income tax on Wednesday (3/1/2024):

CPO______

Franco Belawan Rp. 11.111 (WD) with the highest bid Rp. 10.975-PPI

Palembang Rp. 10.961 (WD) with the highest bid Rp. 10.778-MM

Siak Rp. 10.961 (WD) with the highest bid Rp. 10.825-PII

 

CPKO_______

Dumai Rp. 11.854 (WD) with the highest bid Rp. 11.453-IBP

(T2)


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