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CPO Tender at KPBN Inacom Got Increased 1,13 Percent on Friday (7/6), Weekly Tender Did Too 0,5 Percent



Doc. of InfoSAWIT/The office of PT. Kharisma Pemasaran Bersama Nusantara (KPBN).
CPO Tender at KPBN Inacom Got Increased 1,13 Percent on Friday (7/6), Weekly Tender Did Too 0,5 Percent

InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was Rp 12.648 /kg on Friday (7/6/2024). It meant to increase Rp 141/kg or about 1,13% to Thursday (6/6/2024) tender that was Rp 12.507/kg.

What InfoSAWIT got from KPBN, CPO Franco Belawan and Dumai was Rp 12.648/Kg. CPO in Kembayan was Rp. 12.198/kg but in withdraw (WD) with the highest bid Rp. 11.905/kg.

What InfoSAWIT calculated on 3 - 7 June 2024, CPO average tender at KPBN increased about Rp 62,80/kg to be Rp 12.547,20/kg or about 0,5% to CPO average tender in the previous period (27 - 31 May 2024) that was Rp. 12.848,40/kg.

As quoted from Reuters, CPO contract price at Malaysia Derivatives Exchange got increased for the second session in a row on Friday (7/6/2024). It happened for the increasing crude oil price thouh it was predicted to get cheaper this whole week.

CPO reference contract price with the code FCPO1 for August 2024 delivery at Malaysia Derivatives Exchange increased 1,7% or about RM 66 per ton to be RM 4.026 (US$ 857,69) per metric ton in the evening session.

CPO got decreased more than 1% in this week.

Still from Reuters, the traders still waited for monthly CPO data from Malaysian Palm Oil Board that would be released on 10 June. According to poll by Reuters, CPO stock by the late of May might still reach 1,75 million metric tons or increase 0,39% from April.

The poll predicted CPO exports would increase 14,32% in the same period to be 1,41 million tons because its competitive price got recovered to soyoil in May.

Soyoil contract price at Dalian with the code DBYcv1 increased 1,5%; CPO contract price with the code CPO1 did escalate 2%.

Here are tenders at KPBN (Rp./Kg), excluded income tax on Friday (7/6/2024):

CPO_____

Franco Belawan and Dumai Rp. 12.648-MNA, PHPO, WNI

Kembayan Rp. 12.198 (WD) with the highest bid Rp. 11.905-EUP   (T2)

 

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