Crude Palm Oil (CPO) Price Rises to US$1,060 per Metric Ton

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Agus Dwi Darmawan 15/04/2024 11:55 WIB

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Friday, April 12, 2024

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Crude Palm Oil (CPO) Price Rises to US$1,060 per Metric Ton

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Friday, April 12, 2024

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Crude Palm Oil (CPO) prices on the Rotterdam Spot Market increased by 0.71% to US$1,060 per metric ton on Friday, April 12, 2024, from the previous day's closing price. CPO prices reached a high 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 17.13% (year-to-date/YTD). Similarly, on a year-on-year basis (YOY), CPO prices have increased by 3.16%.

Meanwhile, domestically, the spot price of palm oil in Medan reached Rp 13,530 per kg at the close of trading on Friday, December 15, 2023.

In some regions 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.

Some regions recording high cooking oil prices include Lampung, where prices reached Rp 30,950 per kg. Other regions with the highest national cooking oil prices include East Nusa Tenggara (Rp 28,700 per kg), Maluku (Rp 26,550 per kg), Bengkulu (Rp 26,300 per kg), and South Sulawesi (Rp 24,300 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."