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CPO Tender at KPBN Inacom was in WD, Friday (12/7), Weekly Tender Got Decreased 2,62 Percent



Doc. of InfoSAWIT/The office of PT. Kharisma Pemasaran Bersama Nusantara (KPBN).
CPO Tender at KPBN Inacom was in WD, Friday (12/7), Weekly Tender Got Decreased 2,62 Percent

InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was in withdraw (WD) with the highest bid Rp. 12.630/kg on Friday (12/7/2024). It meant to get cheaper Rp 88/kg or about 0,69% to Thursday (11/7/2024) tender that was Rp 12.718/kg.

What InfoSAWIT got from KPBN, CPO Franco in Belawan and Dumai was Rp 12.729/kg but in WD with the highest bid Rp. 12.630/Kg. Crude palm kernel oil (CPKO) in Lampung was Rp. 17.536/Kg, but in WD with the highest bid Rp. 14.000/Kg.

What InfoSAWIT calculated on 8 - 12 July 2024, CPO average tender at KPBN got decreased about Rp 344,60/kg to be Rp 12.799,00/kg or decreased about 2,62% if compared to CPO average tender in the previous week (1 - 5 July 2024) that was Rp. 13.143,60/kg.

As quoted from Reuters, CPO contract price at Malaysia Derivatives Exchange on Friday (12/7/2024) got escalated as same as the previous session because the traders watched up the increasing soyoil price at Chicago Board of Trade.

CPO reference contract price with the code FCPO1 for September 2024 delivery at Malaysia Derivatives Exchange got escalated RM 22 per ton or about 0,56% to be RM 3.957 (US$ 847,69) in the early session.

Malaysian Palm Oil Board (MPOB) on Wednesday reported that palm oil stock in the country by the late of June got escalated 4,35% to May to be 1,83 million metric tons, the highest numbers since February 2024. MPOB related the increasing stocks happened for the significant decreasing exports to the production.

CPO production decreased 5,23% to May to be 1,62 million tons while the export did too 12,82% to be 1,21 million tons.

The survey from Reuters predicted that the stock could be reaching 1,83 million tons, the output could be 1,62 million tons and the export could be 1,24 million tons.

Here are tenders at KPBN (Rp./Kg), excluded income tax on Friday (12/7/2024):

CPO_____

Franco Belawan and Dumai Rp. 12.729 (WD) with the highest bid Rp. 12.630-MM, IBP

 

CPKO_____

Lampung Rp. 17.536 (WD) with the highest bid Rp. 14.000-AMJP

(T2)


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