InfoSAWIT, JAKARTA – The price of crude palm oil (CPO) at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom dropped to IDR 15,275/kg on Wednesday (November 20, 2024). This marks a 0.59% decline, or approximately IDR 90/kg, compared to Tuesday's (November 19, 2024) price of IDR 15,365/kg. 

Based on data obtained from KPBN, the Franco Dumai price was set at IDR 15,275/kg, while the Talang Duku price stood at IDR 15,075/kg. 

Meanwhile, according to Reuters, Malaysian palm oil futures slumped on Wednesday (November 20, 2024), weighed down by weak export demand and declining soybean oil prices on the Chicago Board of Trade (CBOT). Investors are awaiting updates from cargo surveyors for further cues. 

The benchmark palm oil contract for February delivery on the Bursa Malaysia Derivatives Exchange fell by MYR 33 per ton, or 0.67%, to MYR 4,891 (USD 1,094.92) per metric ton at the midday break. In the previous session, the contract had risen by 0.51%. 

Elsewhere, the most active Dalian soybean oil futures rose by 0.2%, and palm oil futures on the Dalian exchange increased by 0.59%. Meanwhile, soybean oil prices on CBOT slipped by 0.25%. 

 KPBN Tender Results (IDR/kg, Excluding VAT) for Wednesday (November 20, 2024): 

CPO_____ 

- Franco Dumai: IDR 15,275 (IBP) 

- Talang Duku: IDR 15,075 (MM) 

CPKO_____

- Belawan: IDR 25,183 (MNA) 

- Lampung: IDR 24,962 (WD) Highest bid: IDR 23,810 (IKIN) 

(T2)