CPO KPBN Inacom Price Up 1.47%
CPO Prices Rise Amidst Malaysian Inventory Data
JAKARTA (AP) — Crude palm oil (CPO) prices experienced an increase in trading on thursday, according to PT. The Joint Marketing Charisma of the Nusantara (KPBN) Inacom. The price was set at Rp14,387/kg, a 1.47% rise, or approximately Rp208/kg, compared to wednesdays highest offering price of Rp14,179/kg.
CPO Pricing Details
KPBN reported the following CPO prices:
- Franco Belawan & Dumai: Rp14,387/kg
- Franco Sei Tapung: Rp14,148/kg
- Talang Duku: Rp14,187/kg
Malaysian Palm Oil Market Reacts
Reuters reported that palm oil contracts on the Malaysian exchange saw a jump on Thursday, reversing losses from the previous session. This increase occurred alongside a rise in other vegetable oil prices. Data from the Malaysian Palm Oil Council (MPOB) indicated a rise in inventory for March.
The June palm oil contract FCPOC3 on the Malaysia Derivatives Exchange increased by RM65 per ton, a rise of approximately 1.57%, reaching RM4,213 (US $941.87) per metric ton at midday.
MPOB Data on Palm Oil Stocks
According to the MPOB report, Malaysian palm oil stocks at the end of March increased by 3.52% from the previous month, totaling 1.56 million metric tons. A Reuters survey estimated an inventory of 1.56 million tons, with production estimated at 1.31 million tons and exports at 1.02 million tons.
Soybean Oil Prices Also Increase
The most active soybean oil contract DBYCV1 rose 0.74%, while the palm oil contract DCPCV1 increased by 1.39%. Soybean oil on the Chicago Board of Trade (CBOT) BOCV1 rose 0.61%.
KPBN Tender Results
Details from the KPBN tender are as follows (in Rp):
CPO
- Franco Belawan & Dumai: 14,387 – Arch, AGM, Unilever
- Loco Sei Tapung: 14,148 – AGM
- franco Bayur Bay: 14,257 (WD). Highest offer: 14,090 – WNI
- FOB Select: 14,187 - AGM
- Loco long Pinang: No Bidder
- Loco Ngabang: 14,037 (WD). Highest offer: 13,775 – WCII
- Loco Pelaihari: 13,833 (WD). Offer: 13,225 – WNI
CPKO
- Franco Belawan: 31,062 (WD). Highest Offer: 30,080 – MM
CPO Prices Surge: Your Top Questions Answered
Q: What’s driving the recent increase in crude palm oil (CPO) prices?
A: According to PT.The Joint Marketing Charisma of the Nusantara (KPBN) Inacom, CPO prices saw a boost on Thursday. The price reached Rp14,387/kg, marking a 1.47% increase (approximately Rp208/kg) compared to Wednesday’s highest offering price of Rp14,179/kg. This increase is tied to factors affecting the broader palm oil market, particularly in Malaysia.
Q: Where can I find the Specific CPO Prices reported by KPBN?
A: KPBN provided the following specific CPO prices:
Franco Belawan & Dumai: Rp14,387/kg
Franco Sei Tapung: Rp14,148/kg
Talang Duku: Rp14,187/kg
Q: How is the Malaysian Palm Oil Market reacting to the CPO price increase?
A: The Malaysian palm oil market is also experiencing positive movement. Reuters reports that palm oil contracts on the Malaysian exchange increased on Thursday, reversing losses from the previous session. This aligns with rises in other vegetable oil prices and increased inventory data.
Q: What Malaysian inventory data is influencing the palm oil market?
A: Data from the Malaysian Palm Oil Council (MPOB) indicated a rise in inventory for March. Furthermore, according to the MPOB report, Malaysian palm oil stocks at the end of March increased by 3.52% from the previous month, reaching a total of 1.56 million metric tons.
Q: What were the key figures in the Malaysian Palm Oil Stock data for March?
A: Based on the MPOB report and related Reuters data:
Total Stock: 1.56 million metric tons
Production (estimated): 1.31 million tons
Exports (estimated): 1.02 million tons
Q: How are prices of other vegetable oils moving in comparison to palm oil?
A: Several other vegetable oils are also increasing in price:
The most active soybean oil contract DBYCV1 rose 0.74%.
The palm oil contract DCPCV1 increased by 1.39%.
Soybean oil on the Chicago Board of Trade (CBOT) BOCV1 rose 0.61%.
Q: What were the results of the KPBN tender?
A: The KPBN tender results are presented below (in Rp):
CPO
franco Belawan & Dumai: 14,387 – Arch, AGM, Unilever
Loco Sei Tapung: 14,148 – AGM
franco Bayur Bay: 14,257 (WD). Highest offer: 14,090 – WNI
FOB Select: 14,187 – AGM
Loco long Pinang: No Bidder
Loco Ngabang: 14,037 (WD).Highest offer: 13,775 – WCII
Loco Pelaihari: 13,833 (WD). Offer: 13,225 – WNI
CPKO
* franco Belawan: 31,062 (WD). Highest Offer: 30,080 – MM
Q: What is the June palm oil contract price on the Malaysia Derivatives Exchange
A: The June palm oil contract FCPOC3 on the Malaysia Derivatives Exchange increased by RM65 per ton,a rise of approximately 1.57%, reaching RM4,213 (US $941.87) per metric ton at midday.