InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was Rp. 14.020/kg on Monday (21/10/2024) that meant to get increased 0,14% or about Rp 20/kg to Friday (18/10/2024) tender that was Rp 14.000/kg.

What InfoSAWIT got from KPBN, CPO Franco in Dumai was Rp 14.020/Kg. CPO in South Kalimantan was Rp. 13.620/kg but in withdraw (WD) with the highest bid Rp. 13.010/Kg.

As quoted from Reuters, CPO contract price at Malaysia Derivatives Exchange Monday (21/10/2024) got increased after the previous two sessions got decreased. It happened for the export estimation that got higher and the decreasing palm oil production prediction.

CPO contract price reference (FCPOc3) for January 2024 delivery at Malaysia Derivatives Exchange got increased RM 49 per ton or about 1,15% to be RM 4.304 per ton (US$ 1.001,16) per metric ton during the midday. It got decreased 1,3% in the last two session in a row.

As quoted from the survey by Intertek Testing Services, it was predicted that palm oil exports in Malaysia got increased 8,7% on 1 - 20 October. Malaysian Palm Oil Board (MPOB) reported that by the early of this month, CPO production got decreased 3,8% to in September from August, while the exports got escalated 0,93%.

Soyoil contract price at Dalian (DBYcv1) got decreased 0,58%, CPO contract price (DCPcv1) did decrease 0,76% while soyoil price at Chicago Board of Trade (BOcv1) got increased 0,6%.

Here are tenders at KPBN (Rp./Kg), excluded income tax on Monday (21/10/2024):

CPO____

Franco Dumai Rp. 14.020-EUP

Kalsel Rp.13.620 (WD). With the highest bid Rp. 13.010-EUP

(T2)