InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was Rp. 14.750/kg on Tuesday (29/10/2024) that meant to get escalated 0,44% or about Rp 36/kg to Monday (28/10/2024) tender that was Rp 14.685/kg.

What InfoSAWIT got from KPBN, CPO Franco in Belawan and Dumai was Rp 14.750/Kg. CPO in Talang Duku was Rp 14.550/Kg.

As quoted from Reuters, CPO contract price at Malaysia Derivatives Exchange got escalated on Tuesday (29/10/2024). It happened for the expectation to get the decreasing production and the lower supply in Malaysia.

CPO reference contract price (FCPOc3) for January 2025 delivery at Malaysia Derivatives Exchange got escalated RM 20 per ton or about 0,44% to be RM 4.549 (US$ 1.041,44) per metric ton in the midday.

CPO trade got higher because the decreasing production and the lower numbers of supply in the country, and supported by the increasing demands, as David Ng, a private trader in Iceberg X Sdn Bhd., Kuala Lumpur, said.

Soyoil contract price at Dalian (DBYcv1) got decreased 1,28%, CPO contract price (DCPcv1) did too 0,09%. Soyoil price at Chicago Board of Trade (BOcv1) got escalated 0,28%.

Here are tenders at KPBN (Rp./Kg), excluded income tax on Tuesday (29/10/2024):

CPO_____

Franco Belawan and Dumai Rp. 14.750-BEST, IBP

Talang Duku Rp. 14.550-MM

CPKO____

Belawan Rp. 22.392 (WD) with the highest bid Rp. 21.975-MNA

Palembang Rp. 22.088 (WD) with the highest bid Rp. 21.375-IKIN

(T2)