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Crude Palm Oil (CPO) price rises to US$ 3,930 per metric ton.

Agus Dwi Darmawan 14/02/2024 11:42 WIB

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Tuesday, February 13, 2024

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Crude Palm Oil (CPO) price rises to US$ 3,930 per metric ton.

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Tuesday, February 13, 2024

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Crude Palm Oil (CPO) prices on the Rotterdam Spot Market surged by 313.68% to US$ 3,930 per metric ton on Tuesday, February 13, 2024, from the previous day's closing price. CPO prices reached their highest level of US$ 4,019 per metric ton on Friday, January 26, 2024.

Compared to the beginning of the year, CPO prices on the Spot Market today are up 334.25% (year-to-date/YTD). Similarly, on a year-on-year basis (YOY), CPO prices have increased by 301.02%.

Meanwhile, domestically, CPO prices on the Medan spot market reached Rp 13,530 per kg at the close of trading on Friday, December 15, 2023.

Compared to the position on December 31, 2021, the CPO price on the Medan Spot Market as of May 30, 2022, had already increased by Rp 5,988.55 per kg, or a year-to-date increase of 17.04% (YTD).

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

Lampung, for example, recorded the highest price for branded cooking oil in Indonesia, at Rp 30,650 per kg. Other regions showed the following prices: Bengkulu at Rp 26,300 per kg, North Maluku at Rp 24,400 per kg, South Sulawesi at Rp 24,300 per kg, and DKI Jakarta at Rp 23,900 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$ 3,930 per metric ton.

Crude Palm Oil (CPO) price rises to US$ 3,930 per metric ton.

Crude Palm Oil (CPO) price rises to US$ 3,930 per metric ton.

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Crude Palm Oil (CPO) price rises to US$ 3,930 per metric ton.

Crude Palm Oil (CPO) price rises to US$ 3,930 per metric ton.

Crude Palm Oil (CPO) price rises to US$ 3,930 per metric ton.

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