PALMOILMAGAZINE, JAKARTA – On Monday, July 15, 2024, the crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was priced at Rp. 12,640 per kg, reflecting an increased of Rp. 10 per kg or approximately 0.08% compared to the tender on Friday, July 12, 2024, which was Rp. 12,630 per kg.
According to information from KPBN, the CPO price in Belawan and Dumai was Rp. 12,640 per kg. In West Kalimantan, the price was Rp. 12,290 per kg. In Kembayan, the CPO price was Rp. 12,190 per kg, but it was withdrawn with the highest bid at Rp. 12,150 per kg. Similarly, in Parindu, the CPO price was Rp. 12,290 per kg, but it was withdrawn with the highest bid also at Rp. 12,150 per kg.
As reported by Reuters, the CPO contract price at the Malaysia Derivatives Exchange on Monday, July 15, 2024, saw changes as traders awaited export estimates from cargo surveyors for the period of July 1-15 for better market direction.
Also Read: CPO Prices Declined at KPBN Inacom on July 3, 2024
The reference CPO contract price, coded FCPO1, for September 2024 delivery at the Malaysia Derivatives Exchange increased by RM 2 per ton, or about 0.05%, reaching RM 3,917 (US$ 838.40) per metric ton by midday. This followed a 3.1% decrease over the previous week.
Still from Reuters, soyoil contract price at Dalian (DBYcv1) got decreased 0,47%, CPO contract price with the code CPO1 did too 0,26%. Soyoil price at Chicago Board of Trade ZL1 did the same 1,91%.
Here are CPO tenders at KPBN (Rp./Kg), excluded income tax on Monday (15/7/2024):
- Franco Belawan and Dumai Rp. 12.640-MNA, WNI
- Kalimantan Barat Rp. 12.290-EUP
- Kembayan Rp. 12.190 (WD) with the highest bid Rp. 12.150-EUP
- Parindu Rp. 12.290(WD) with the highest bid Rp. 12.150-EUP. (P2)
