InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) decreased to be Rp 10.761/kg Thursday (5/10/2023). It got cheaper Rp 150/kg compared to Wednesday (4/10/2023) that was Rp 10.911/kg.

What InfoSAWIT got from KPBN, CPO in Belawan was Rp 10.761/Kg. In Dumai it was Rp. 10.761/kg but in withdraw (WD) with the highest bid Rp. 10.700/kg.

In Talang Duku it was Rp. 10.561/Kg but in withdraw (WD) with the highest bid Rp. 10.455/kg.  

Business practitioner and former Intelligent Market of PTPN 7, Boyke Suratin thought, before the closing price at Malaysia Derivatives Exchange on Wednesda (4/10/2023) night, CPO was not changed and tended to remain the same. CPO contract price in October, November, and December 2023 would be RM 3.646, RM 3.674 and RM 3.715 for each if compared to the previous day that would be RM 3.644, RM 3.672 & RM. 3.708 per ton.

He continued that CPO contract price got cheaper fast. In addition, this could be palm oil high production. “These are is unpredictable and peak season,” he said.

Here are tenders at KPBN (Rp./Kg), excluded income tax on Thursday (5/10/2023):

CPO_______

Franco Belawan Rp. 10.761-BEST

Dumai Rp. 10.761 (WD) with the highest bid Rp. 10.700-SJIO

Talang Duku Rp. 10.561 (WD) with the highest bid Rp. 10.455-WNI

(T2)