InfoSAWIT, JAKARTA – Crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was in withdraw (WD) with the highest bid Rp. 13.799/kg on Tuesday (1/10/2024). It meant to get decreased Rp 179/kg or about 1,28% to Monday (30/9/2024) tender that was Rp 13.978/kg.
What InfoSAWIT got from KPBN, CPO Franco in Dumai was Rp 14.106/Kg, but in WD with the highest bid Rp. 13.799/Kg. CPO in Talang Duku was Rp 13.906/Kg, but in WD with the highest bid Rp. 13.599/Kg. CPO in Parindu was Rp 13.756/Kg, but in WD with the highest bid Rp. 13.268/Kg. CPO in Long Pinang was Rp 13.706/Kg, but in WD with the highest bid Rp. 12.668/Kg.
As quoted from Reuters, CPO contract price at Malaysia Derivatives Exchange got increased on Tuesday (1/10/2024) after it got decreased in a wor because the plan of Indonesia to increase its October 2024 reference price. It reinforced the traders’ sentiment.
CPO reference contract price (FCPOc3) for December 2024 at Malaysia Derivatives Exchange got increased RM 43 per ton or about 1,08% to be RM 4.038 (US$ 969,74) per metric ton in the midday.
Still from Reuters, what Indonesia do to increase CPO reference price for about US$ 54 to be US$ 893,64 per ton in October 2024 would support the increasing price at Malaysia Derivatives Exchange and it got traded 50 points higher this morning, as Marcello Cultrera, seeds, vegetable, and soft oil broker at SSY Global, said.
Soyoil contract price at Chicago Board of Trade (BOcv1) got decreased 0,74%. Dalian was closed for the Golden Week holidays in China.
Here are tenders at KPBN (Rp./Kg), excluded income tax on Monday (30/9/2024):
CPO_____
Franco Belawan Rp. 14.106. (WD) with the highest bid Rp. 13.838-UNILEVER
Dumai Rp. 14.106 (WD) with the highest bid Rp. 13.799-AGM
Talang Duku Rp. 13.906 (WD) with the highest bid Rp. 13.599-AGM.
Parindu Rp. 13.756 (WD) with the highest bid Rp. 13.268-EUP
Long Pinang Rp. 13.706 (WD) with the bid Rp. 12.668-EUP
Pelaihari Rp. 13.706 (WD) with the bid Rp. 12.668-EUP
CPKO_____
Belawan Rp. 22.260 (WD) with the highest bid Rp. 21.030-MM
Lampung Rp. 22.039 (WD) with the highest bid Rp. 20.230-IKIN
Palembang Rp. 21.896 (WD) with the highest bid Rp. 20.540-SAP
(T2)