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CPO Price Falls to US$1,080 per Metric Ton

Agus Dwi Darmawan 25/09/2022 11:44 WIB

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Crude Palm Oil (CPO) Prices for the Last Three Months - Data as of Thursday, September 8, 2022

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Crude Palm Oil (CPO) Prices for the Last Three Months - Data as of Thursday, September 8, 2022

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Crude Palm Oil (CPO) prices on the Rotterdam Spot Market fell 5.26% to US$1,080 per metric ton on Thursday, September 8, 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 18.18% (year-to-date/YTD). Similarly, year-on-year (YOY), CPO prices have fallen 12.55% compared to the same period.

Meanwhile, domestically, the CPO price on the Medan spot market reached Rp 15,652 per kg at the close of trading on Friday, September 23, 2022.

Previously, the government banned the export of cooking oil and CPO on April 28, 2022. This ban caused the CPO price on the Medan spot market to fall by Rp 5,334.04 per kg, or 18.13%, to its lowest point of Rp 24,085.37 per kg on May 20, 2022.

The government then reopened exports on May 23, 2022, and CPO prices began to show an upward trend.

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.

For example, in Lampung, cooking oil is sold for Rp 31,050 per kg. In parts of Southeast Sulawesi, cooking oil is priced at Rp 26,750 per kg; in Bengkulu, Rp 26,300 per kg; in parts of Papua, Rp 26,250 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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CPO Price Falls to US$1,080 per Metric Ton

CPO Price Falls to US$1,080 per Metric Ton

CPO Price Falls to US$1,080 per Metric Ton

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CPO Price Falls to US$1,080 per Metric Ton

CPO Price Falls to US$1,080 per Metric Ton

CPO Price Falls to US$1,080 per Metric Ton

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Countries That Rely Heavily on Coal for Electricity Generation in 2025

The Philippines and Bangladesh are highly dependent on imports of Indonesian coal.

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