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Crude Palm Oil (CPO) Price Falls to US$970 per Metric Ton

Agus Dwi Darmawan 13/10/2022 11:57 WIB

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Crude Palm Oil (CPO) Prices Over the Last Three Months Data as of Wednesday, September 28, 2022

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Crude Palm Oil (CPO) Price Falls to US$970 per Metric Ton

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Crude Palm Oil (CPO) Prices Over the Last Three Months Data as of Wednesday, September 28, 2022

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Crude Palm Oil (CPO) prices on the Rotterdam spot market fell 3% to US$970 per metric ton on Wednesday, September 28, 2022, from the previous day's close. CPO prices had reached their highest level of US$2,010 per metric ton on Wednesday, March 9, 2022.

Compared to the beginning of the year, CPO prices on the spot market today are down 26.52% (year-to-date/YTD). Similarly, compared to the same period last year, CPO prices have fallen 25.67% year-on-year (YOY).

Meanwhile, domestically, the spot price of palm oil in Medan reached Rp 14,537 per kg at the close of trading on Tuesday, September 27, 2022.

Compared to the position on December 31, 2021, the CPO price on the Medan spot market as of May 30, 2022, had increased by Rp 5,988.55 per kg, or a 1.27% increase year-to-date (YTD) as of today.

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 yesterday were still above Rp 20,000 per kg.

For example, in Lampung, cooking oil is sold at Rp 31,050 per kg. In parts of Southeast Sulawesi, cooking oil is priced at Rp 26,750 per kg; in Maluku, Rp 26,400 per kg; in Bengkulu, Rp 26,300 per kg; and in Central Kalimantan, Rp 25,550 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 Falls to US$970 per Metric Ton

Crude Palm Oil (CPO) Price Falls to US$970 per Metric Ton

Crude Palm Oil (CPO) Price Falls to US$970 per Metric Ton

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Crude Palm Oil (CPO) Price Falls to US$970 per Metric Ton

Crude Palm Oil (CPO) Price Falls to US$970 per Metric Ton

Crude Palm Oil (CPO) Price Falls to US$970 per Metric Ton

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