CPO Price Remains at US$1,205 per Metric Ton

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Agus Dwi Darmawan 22/08/2022 12:03 WIB

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Friday, July 22, 2022

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CPO Price Remains at US$1,205 per Metric Ton

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Friday, July 22, 2022

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The price of Crude Palm Oil (CPO) in the Rotterdam spot market remained stable at US$1,205 per metric ton for the past nine days, as of Friday, July 22, 2022. The CPO price reached its highest level of US$2,010 per metric ton on Wednesday, March 9, 2022.

Compared to the beginning of the year, the CPO price in the spot market today is down 8.71% (year-to-date/YTD). However, compared to the same period last year, the CPO price has increased by 1.69% (year-on-year/YOY).

Meanwhile, domestically, the price of palm oil in the Medan spot market reached Rp 16,501 per kg at the close of trading on Monday, August 15, 2022.

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

Some regions recording high cooking oil prices include Lampung, where it was recorded at Rp 31,050 per kg.

Other regions with the highest national cooking oil prices include West Papua (Rp 28,100 per kg), Southeast Sulawesi (Rp 28,000 per kg), South Sulawesi (Rp 27,100 per kg), and parts of Bengkulu (Rp 26,300 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 Remains at US$1,205 per Metric Ton

CPO Price Remains at US$1,205 per Metric Ton

CPO Price Remains at US$1,205 per Metric Ton

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CPO Price Remains at US$1,205 per Metric Ton

CPO Price Remains at US$1,205 per Metric Ton

CPO Price Remains at US$1,205 per Metric Ton

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