InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was Rp. 14.685/kg on Monday (28/10/2024) that meant to get cheaper 0,24% or about Rp 36/kg to Friday (25/10/2024) tender that was Rp 14.721/kg.
What InfoSAWIT got from KPBN, CPO Franco in Belawan and Dumai was Rp 14.685/Kg. kg.
As quoted from Reuters, CPO contract price at Malaysia Derivatives Exchange got increased on Monday (28/10/2024) because ringgit Malaysia got cheaper and the demands that supported the trade.
CPO reference contract price (FCPOc3) for January 2025 delivery at Malaysia Derivatives Exchange got increased RM 14 per ton or about 0,31% to be RM 4.550 per ton (US$ 1.044,30) per metric ton during the midday.
CPO trade got recovered from the first loss until it got closed more expensive in the midday because of the increasing demands and decreasing ringgit currency, as a trader in Kuala Lumpur said.
Ringgit MYR, the official currency in palm oil trade got decreased 0,46% toward US dollar and made CPO cheaper for the buyers that got transaction in foreign currencies.
Soyoil contract price at Dalian (DBYcv1) got decreased 1,66%, CPO contract price (DCPcv1) did decrease 1,6%. Soyoil price at Chicago Board of Trade BOcv1 did too 2,47%.
Here is tender at KPBN (Rp./Kg), excluded income tax on Monday (28/10/2024):
CPO____
Franco Belawan and Dumai Rp. 14.685-MM, EUP
(T2)