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CPO price rises to MYR 3,935 per tonne

Agus Dwi Darmawan 09/06/2024 14:36 WIB

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Thursday, June 6, 2024

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Thursday, June 6, 2024

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The price of palm oil on the Malaysian Futures Exchange (FCPOc1) increased by 1.73% to MYR 3.935 per ton on Thursday, June 6, 2024, from the previous day's close. The CPO price reached its highest level of MYR 4.579 per ton on Wednesday, April 3, 2024.

Compared to the beginning of the year, the CPO price in the Spot Market today is up 8.31% (year-to-date/YTD). Similarly, year-on-year (YOY), the CPO price has increased by 17.25%.

Meanwhile, domestically, the price of palm oil in the Medan spot market reached Rp 15,410 per kg at the close of trading on Wednesday, April 17, 2024.

Compared to its position on December 31, 2021, the CPO price in the Medan Spot Market as of May 30, 2022, had already increased by Rp 5,988.55 per kg, or a 23.78% increase year-to-date (YTD) as of today.

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 yesterday was still above Rp 20,000 per kg.

For example, in Lampung, the price of cooking oil is sold at Rp 30,950 per kg. In parts of East Nusa Tenggara, cooking oil is priced at Rp 28,750 per kg; in Bengkulu, Rp 26,300 per kg; in North Maluku, Rp 25,700 per kg; and in 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."

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CPO price rises to MYR 3,935 per tonne

CPO price rises to MYR 3,935 per tonne

CPO price rises to MYR 3,935 per tonne

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CPO price rises to MYR 3,935 per tonne

CPO price rises to MYR 3,935 per tonne

CPO price rises to MYR 3,935 per tonne

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