InfoSAWIT, JAKARTA – Crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was Rp. 12.588/kg on Friday (16/8/2024), It meant to get increased Rp 68/kg or about 0,54% to Thursday (15/8/2024) tender that was Rp 12.520/kg.

What InfoSAWIT got from KPBN, CPO Franco in Belawan and Dumai was Rp. 12.588/kg. 

What InfoSAWIT calculated on 12-16 August 2024, the average CPO tender at KPBN got decreased about Rp 359,60/kg to be Rp 12.634,60/kg or about 2,77% to the average CPO tender in the previous week (5 - 9 August 2024) that was Rp. 12.944,20/kg.

As quoted from Reuters, CPO contract price at Malaysia Derivatives Exchange got increased on Friday (16/8/2024); it happened for the concern about the slow production in Indonesia; the exports from Malaysia got decreased and restricted the increasing exports.

CPO contract price (FCPOc3) for November 2024 delivery at Malaysia Derivatives Exchange got increased RM 15 per ton or about 0,41% to be RM 3.711 (US$ 836,75) per metric ton in the midday.

In this week, CPO contract got increased 0,19% after it got decreased for three weeks in a row.

Still from Reuters, CPO was a little bit expensive than soyoil. This raised concern about the demands, as Lingam Supramaniam, Director of Pelindung Bestari – a broker company in Selangor, said.

Referring to the independent inspection company, AmSpec Agri Malaysia, palm oil exports from Malaysia on 1 - 15 August got decreased 22,3% from the previous month. Cargo surveyor, Intertek Testing Services reported that the exports from Malaysia did decrease 20,2% in the same period to the previous month.

Soyoil contract at Dalian (DBYcv1) got increased 0,16%, CPO contract (DCPcv1) got increased 0,8%. Soyoil price at Chicago Board of Trade BOcv1 got decreased 0,75%, for the fifth day in a row.

Here is tender at KPBN (Rp./Kg), excluded income tax on Friday (16/8/2024):

CPO_____

Franco Belawan and Dumai Rp. 12.588-ACI, AGM

(T2)