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CPO Price Remains at US$1,385 per Metric Ton

Agus Dwi Darmawan 04/07/2022 12:04 WIB

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Crude Palm Oil (CPO) Prices Over the Past Three Months - Data as of Thursday, June 23, 2022

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CPO Price Remains at US$1,385 per Metric Ton

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Crude Palm Oil (CPO) Prices Over the Past Three Months - Data as of Thursday, June 23, 2022

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Crude Palm Oil (CPO) prices on the Rotterdam Spot Market remained steady at US$1,385 per metric ton on Thursday, June 23, 2022. The CPO price reached its highest level of US$2,010 per metric ton on Wednesday, March 9, 2022.

Compared to the beginning of the year, the CPO price on the Spot Market today is up 4.92% (year-to-date/YTD). Similarly, year-on-year (YOY), the CPO price has increased by 37.13%.

Meanwhile, domestically, the palm oil price on the Medan spot market reached Rp 23,466 per kg at the close of trading on Friday, July 1, 2022.

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 Gorontalo, cooking oil is sold at Rp 30,950 per kg. In West Papua, the price is Rp 29,450 per kg; in Riau, Rp 28,200 per kg; in Southeast Sulawesi, Rp 28,000 per kg; and in South Sulawesi, Rp 27,100 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 Remains at US$1,385 per Metric Ton

CPO Price Remains at US$1,385 per Metric Ton

CPO Price Remains at US$1,385 per Metric Ton

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CPO Price Remains at US$1,385 per Metric Ton

CPO Price Remains at US$1,385 per Metric Ton

CPO Price Remains at US$1,385 per Metric Ton

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