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CPO Price Increases to MYR 3,976 per Ton

Agus Dwi Darmawan 30/06/2024 14:40 WIB

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Friday, June 28, 2024

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CPO Price Increases to MYR 3,976 per Ton

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Friday, June 28, 2024

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Palm oil prices on the Malaysian Futures Exchange (FCPOc1) rose 0.79% to MYR 3,976 per ton on Friday, June 28, 2024, from the previous day's close. CPO prices reached their highest level of MYR 4,579 per ton on Wednesday, April 3, 2024.

Compared to the beginning of the year, CPO prices in the Spot Market today are up 9.44% (year-to-date/YTD). Similarly, year-on-year (YOY), CPO prices have increased by six percent compared to the same period.

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

The easing impact of the Covid-19 pandemic and the growth of the global economy increased commodity demand throughout last year. As a result, CPO prices in the Medan Spot Market have recovered by 38.97% throughout 2021.

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

Several regions recorded high cooking oil prices, including East Nusa Tenggara, where cooking oil was recorded at Rp 29,250 per kg.

Other regions with the highest cooking oil prices nationally include Lampung at Rp 28,850 per kg, Bengkulu at Rp 26,300 per kg, parts of North Maluku at Rp 25,100 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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CPO Price Increases to MYR 3,976 per Ton

CPO Price Increases to MYR 3,976 per Ton

CPO Price Increases to MYR 3,976 per Ton

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CPO Price Increases to MYR 3,976 per Ton

CPO Price Increases to MYR 3,976 per Ton

CPO Price Increases to MYR 3,976 per Ton

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