InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was in withdraw (WD) with the highest bid Rp. 14.010/kg on Wednesday (16/10/2024). It meant to get increased 0,24% or about Rp 33/kg to Tuesday (15/10/2024) tender that was Rp 13.977/kg.

What InfoSAWIT got from KPBN, CPO Franco in Dumai was Rp 14.111/Kg, but in WD with the highest bid Rp. 14.010/Kg. Crude palm kernel oil (CPKO) in Lampung was Rp. 21.194 but in WD with the highest bid Rp. 16.006-KLKD.

As quoted from Reuters, CPO contract price at Malaysia Derivatives exchange got increased on Wednesday (16/10/2024) after it got cheaper in the two sessions in a row because of the next year - supply prospect and short term - demands.

CPO reference contract price (FCPOc3) for January 2025 delivery at Malaysia Derivatives Exchange increased RM 75 per ton or about 1,77% to be RM 4.314 (US$ 1.005,13) per metric ton in the midday. It got decreased 1,89% in the last two sessions.

By the early of this month, senior analyst of Oil World, Thomas Mielke predicted palm oil production would be increasing 2,3 million metric ton in 2024 - 25 to the previous year.

Soyoil contract price at Dalian (DBYcv1) got increased 1,37%, CPO contract price (DCPcv1) did too 1,78%. Soyoil price at Chicago Board of Trade BOcv1 did increase 0,33%.

Here are tenders at KPBN (Rp./Kg), excluded income tax on Wednesday (16/10/2024):

CPO_____

Franco Dumai Rp. 14.111 (WD) with the highest bid Rp. 14.010-EUP

CPKO_____

Lampung Rp. 21.194 (WD) with the highest bid Rp. 16.006-KLKD

(T2)