CPO Tender at KPBN Inacom Got Decreased on Monday (30/9), and So Did in Malaysia

Doc. of InfoSAWIT/The office of PT. Kharisma Pemasaran Bersama Nusantara (KPBN)- Inacom.

InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was Rp. 13.978/kg on Monday (30/9/2024). It meant to get decreased Rp 26/kg or about 0,19% to Friday (27/9/2024) tender that was Rp 14.004/kg.

What InfoSAWIT got from KPBN, CPO Franco in Dumai was Rp. 13.978/kg. CPO in Belawan was Rp 13.978/Kg, but in withdraw (WD) with the highest bid Rp. 13.853/Kg.

CPO in Parindu was Rp 13.628/Kg, but in WD with the highest bid Rp. 13.300/Kg. In Long Pinang it was Rp 13.578/Kg, but in WD with the highest bid Rp. 12.668/Kg. CPO in Pelaihari was Rp 13.578/Kg, but in WD with the highest bid Rp. 12.668/Kg.

As quoted from Reuters, CPO contract price at Malaysia Derivatives Exchange got decreased on Monday (30/9/2024) for the second session in a row. It happened for the increasing Malaysia currency whie the traders remain to be carefull for CPO could be more expensive than other vegetable oils.

CPO reference contract for December 2024 delivery at Malaysia Derivatives Exchange got decreased RM 21 per ton or about 0,52 percent to be RM 4.030 (US$ 982,21) per metric ton during the midday.

CPO was too expensive than other vegetable oils, as Paramalingam Supramaniam, director of broker of Pakar Bestari in Selangor, said.

Dalian Commodity Exchange would not be operating for the holiday - Golden Week of China since on 1 to 7 October. Ringgit, the official currency of palm oil trade got increased 0,49 percent towards US dollar. It made many commodities more expensive for the traders that purchased them in foreign currency.

Soyoil at Dalian got decreased 0,54 percent, CPO contract price did too 1,19 percent. Soyoil price at Chicago Board of Trade got decreased 0,4%.

Here are tenders at KPBN (Rp./Kg), excluded income tax on Monday (30/9/2024):

CPO_____

Franco Belawan Rp. 13.978 (WD) with the highest bid Rp. 13.853-MM

Dumai Rp. 13.978-AGM

Parindu Rp. 13.628 (WD) with the highest bid Rp. 13.300-WNI

Long Pinang Rp. 13.578 (WD) with the highest bid Rp. 12.668-EUP

Pelaihari Rp. 13.578 (WD) with the bid Rp. 12.668-EUP

(T2)