InfoSAWIT, JAKARTA – Crude palm oil (CPO) tender at PT. Kharisma Pemasaran Bersama Nusantara (KPBN) Inacom was in withdraw (WD) with the highest bid Rp. 12.710/kg on Wednesday (24/7/2024). It meant to get cheaper Rp 94/kg or about 0,73% to Tuesday (23/7/2024) tender that was Rp 12.804/kg.

What InfoSAWIT got from KPBN, CPO Franco in Belawan was Rp 12.757/kg but in WD with the highest bid Rp. 12.710 /Kg. CPO Franco in Dumai was Rp 12.757/kg , but in WD with the highest bid Rp. 12.702.

Crude palm kernel oil (CPKO) in Lampung was Rp. 18.655/Kg, but in WD with the highest bid Rp. 17.825/Kg.

As quoted from Reuters, CPO contract price at Malaysia Derivatives Exchange got cheaper for the second session on Wednesday (24/7/2024) because of the higher production projection that the demand levels in the country.

CPO reference contract - FCPO1 for October 2024 delivery at Malaysia Derivatives Exchange got cheaper RM 14 per ton or about 0,35% to be RM 3.955 (US$ 846,71) per ton in the midday.

Still from Reuters, the traders anticipated the higher production in July after data published by mill associations showed the output in Semenanjung Malaysia in the southern on 1-20 July got escalated 17,8% to the same period in last month, as the analysts mentioned.

Soyoil contract price at Dalian (DBYcv1) got decreased 0,03%, CPO contract price (CPO1) did too 0,9%. Soyoil price at Chicago Board of Trade (ZL1) did decrease 1,2%.

Here are tenders at KPBN (Rp./Kg), excluded income tax on Wednesday (24/7/2024):

CPO_____

Franco Belawan Rp. 12.757 (WD) with the highest bid Rp. 12.710-ACI

Dumai Rp. 12.757 (WD) with the highest bid Rp. 12.702-PII

CPKO_____

Lampung Rp. 18.655 (WD) with the highest bid Rp. 17.825-IKIN

(T2)