InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was in withdraw (WD) with the highest bid Rp. 13.890 /kg on Thursday (10/10/2024). It meant to get decreased 0,07% or about Rp 10/kg to Wednesday (9/10/2024) tender that was Rp 13.900/kg.
What InfoSAWIT got from KPBN, CPO Franco in Dumai was Rp 14.029/Kg but in WD with the highest bid Rp. 13.890/Kg. CPO in Talang Duku was Rp 13.829/Kg. In Sei Tapung it was Rp 13.790/Kg but in WD with the highest bid Rp. 13.500/Kg.
As quoted from Reuters, CPO contract price at Malaysia Derivatives Exchange got increased on Thursday (10/10/2024) after the two previous sessions got decreased. It happened for the traders waited for the official data from Malaysian Palm Oil Board (MPOB).
CPO reference contract price (FCPOc3) for December 2024 delivery at Malaysia Derivatives Exchange got increased RM 9 per ton or about 0,21% to be RM 4.261 (US$ 993,24) per metric ton in the midday. It got decreased 2,1% in the previous two sessions.
MPOB officially released data about offer and demands in September 2024 in the midday. It was confirmed that palm oil stock in Malaysia by the late of September got increased 6,93% from the previous month, the highest level in the past eight months while crude palm oil production got decreased 3,80% - the exports got increased 0,93%.
Soyoil contract price at Dalian (DBYcv1) got increased 0,83%, and so did CPO contract price about 0,39%. Soyoil price at Chicago Board of Trade BOcv1 got increased 0,14%.
Here are tenders at KPBN (Rp./Kg), excluded income tax on Thursday (10/10/2024):
CPO_____
Franco Dumai Rp. 14.029 (WD) with the highest bid Rp. 13.890-PAA, IBP
Talang Duku Rp. 13.829-PRISCOLIN
Sei Tapung Rp. 13.790 (WD) with the highest bid Rp. 13.500-WNI
East Kalimantan Rp. 13.629-EUP
Parindu Rp. 13.679-EUP
CPKO_____
Lampung Rp. 21.126 (WD) with the highest bid Rp. 19.800-IKIN
(T2)