InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was Rp. 13.235/kg on Wednesday (28/8/2024) and it got increased Rp 2/kg or about 0,02% to Tuesday (27/8/2024) tender that was Rp 13.233/kg.

What InfoSAWIT got from KPBN, CPO Franco Belawan and Dumai was Rp. 13.235/kg. Crude palm kernel oil (CPKO) in Dumai was Rp. 20.830/kg.

As quoted from Reuters, CPO contract price at Malaysia Derivatives Exchange on Wednesday (28/8/2024) got a little bit increased. It happened for the less supplies in Indonesia and the optimist plan in biodiesel mandatory program.

CPO reference contract (FCPO1) for November 2024 delivery at Malaysia Derivatives Exchange got increased RM 13 per ton or about 0,33%, to be RM 3.936 (US$ 906,49) per metric ton, got increased for the fifth time in the six sessions heading to the midday.

Indonesian Palm Oil Association (IPOA) noted to InfoSAWIT, Wednesday (28/8/2024), the total exports got increased from 1,964 million tons in May to be 3,385 million tons in June 2024. The biggest sector was in CPO processed products that significantly increased 872 thousand tons from 1,365 million tons in May to be 2,237 million tons in June. CPO exports increased 578 thousand tons to be 651 thousand tons.

Cargo surveyor, Intertek Testing Services and independent inspection company, AmSpec Agri Malaysia noted that palm oil product exports from Malaysia on 1-25 August got decreased between 14,1% and 14,9% from the previous month.

Still from Reuters, soyoil contract price (DBYcv1) got increased 0,39%, while CPO contract price got decreased 0,57%. Soyoil price at Chicago Board of Trade got escalated 0,15%.

Here are tenders at KPBN (Rp./Kg), excluded income tax on Wednesday (28/8/2024):

CPO_____

Franco Belawan and Dumai Rp. 13.235-EOP, IBP

CPKO_____

Belawan Rp. 20.830-MM

(T2)