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Crude Palm Oil (CPO) Price Rises to US$1,080 per Metric Ton

Agus Dwi Darmawan 27/06/2024 11:42 WIB

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Tuesday, June 25, 2024

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Crude Palm Oil (CPO) Price Rises to US$1,080 per Metric Ton

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Tuesday, June 25, 2024

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Crude Palm Oil (CPO) prices on the Rotterdam Spot Market increased by 7.73% to US$1,080 per metric ton on Tuesday, June 25, 2024, from the previous day's closing price. CPO prices reached their highest level of US$1,160 per metric ton on Wednesday, April 3, 2024.

Compared to the beginning of the year, CPO prices on the Spot Market today are up 19.34% year-to-date (YTD). Similarly, on a year-on-year (YOY) basis, CPO prices have increased by 19.67% compared to the same period last year.

Meanwhile, domestically, the price of palm oil on the Medan spot market reached Rp 15,410 per kg at the close of trading on Wednesday, April 17, 2024.

Compared to the position on December 31, 2021, the price of CPO on the Medan Spot Market as of May 30, 2022, had already increased by Rp 5,988.55 per kg, or a 23.78% year-to-date (YTD) increase as of today.

In some regions of Indonesia, the price of branded cooking oil remains high. The National Strategic Food Price Information Center (PIHPS) reported that cooking oil prices were still above Rp 20,000 per kg yesterday.

East Nusa Tenggara, for example, recorded the highest price for branded cooking oil in Indonesia, at Rp 39,650 per kg. Other regions include Lampung at Rp 30,950 per kg, Bengkulu at Rp 26,300 per kg, North Maluku at Rp 25,700 per kg, and South Sulawesi at Rp 23,700 per kg.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Crude Palm Oil (CPO) Price Rises to US$1,080 per Metric Ton

Crude Palm Oil (CPO) Price Rises to US$1,080 per Metric Ton

Crude Palm Oil (CPO) Price Rises to US$1,080 per Metric Ton

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Crude Palm Oil (CPO) Price Rises to US$1,080 per Metric Ton

Crude Palm Oil (CPO) Price Rises to US$1,080 per Metric Ton

Crude Palm Oil (CPO) Price Rises to US$1,080 per Metric Ton

Tags

Related Data

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Ministry of Environment and Forestry: Number of Hotspots in Indonesia Reaches 106 in the Last 24 Hours (Monday, December 29, 2025)

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