Crude Palm Oil (CPO) Price Falls to US$1,010 per Metric Ton

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Agus Dwi Darmawan 15/07/2024 11:27 WIB

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The National Center for Strategic Food Price Information (PIHPS) reports that cooking oil prices monitored yesterday remained above Rp 20,000 per kg.

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

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Crude Palm Oil (CPO) Price Falls to US$1,010 per Metric Ton

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

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Crude Palm Oil (CPO) prices on the Rotterdam Spot Market fell 0.98% to US$1,010 per metric ton on Friday, July 12, 2024, from the previous day's close. CPO prices had 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 11.6% (year-to-date/YTD). Similarly, on a year-on-year basis (YOY), CPO prices have increased by 8.6%.

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

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

Several regions recorded high cooking oil prices, including East Nusa Tenggara, where prices reached Rp 29,250 per kg. Other regions with the highest national cooking oil prices include Lampung at Rp 29,000 per kg, Bengkulu at Rp 26,300 per kg, North Maluku at Rp 25,700 per kg, and South Sulawesi at Rp 23,700 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$1,010 per Metric Ton

Crude Palm Oil (CPO) Price Falls to US$1,010 per Metric Ton

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Crude Palm Oil (CPO) Price Falls to US$1,010 per Metric Ton

Crude Palm Oil (CPO) Price Falls to US$1,010 per Metric Ton

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