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CPO Tender at KPBN Inacom Got Cheaper on Wednesday (10/7), Malaysia Had Abundant Stock



Doc. of InfoSAWIT/The office of PT. Kharisma Pemasaran Bersama Nusantara (KPBN).
CPO Tender at KPBN Inacom Got Cheaper on Wednesday (10/7), Malaysia Had Abundant Stock

InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was Rp. 12.638/kg, Wednesday (10/7/2024) that meant to get cheaper Rp 250/kg or about 1,94% to Tuesday (9/7/2024) tender that was Rp 12.888/kg.

What InfoSAWIT got from KPBN, CPO Franco Belawan was Rp 12.638/kg. CPO in Teluk Bayur was 12.415/Kg. Crude palm kernel oil (CPKO) in Lampung was Rp. 17.273/Kg but in withdraw (WD) with the highest bid Rp. 14.000/kg.

As quoted from Reuters, palm oil stock in Malaysia got escalated to the highest level in the past four months until June 2024. It happened for the decreasing exports significantly, as industrial regulators mentioned on Wednesday.

The increasing stocks in Malaysia, as the second biggest palm oil producer in the world after Indonesia, delivered pressure for palm oil trade in Malaysia Derivatives Exchange that got decreased more than 4% in just two days.

The stock in the country by the late of June 2024 got escalated 4,35% from May to be 1,83 million metric tons; the highest numbers since February, according to Malaysian Palm Oil Board (MPOB). Meanwhile, CPO production got decreased 5,23% from May to be 1,62 million tons; palm oil exports did too 12,82% to be 1,21 million tons,

Still from Reuters’ survey, it was predicted the stock could be reaching 1,83 million tons with the output about 1,62 million tons, and the exports reaching 1,24 million tons.

Here are tenders at KPBN (Rp./Kg), excluded income tax on Wednesday (10/7/2024):

CPO_____

Franco Belawan Rp. 12.638-UNILEVER

Teluk Bayur Rp. 12.415-WNI

 

CPKO_____

Lampung Rp. 17.273 (WD) with the highest bid Rp. 14.000-AMJP. (T2)


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