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CPO Price Falls to MYR 3,910 per Ton

Agus Dwi Darmawan 19/02/2024 14:19 WIB

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Friday, February 16, 2024

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Friday, February 16, 2024

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The price of palm oil on the Malaysian Futures Exchange (FCPOc1) fell by 2.13% to MYR 3.910 per ton on Friday, February 16, 2024, from the previous day's close. The CPO price had reached its highest level of MYR 4.019 per ton on Friday, January 26, 2024.

Compared to the beginning of the year, the CPO price in the Spot Market today is up 7.62% (year-to-date/YTD). Similarly, compared to the same period last year, the CPO price has fallen by 2.98% year-on-year (YOY).

Meanwhile, domestically, the price of palm oil in the Medan spot market reached Rp 13,530 per kg at the close of trading on Friday, December 15, 2023.

Compared to the position on December 31, 2021, the CPO price in the Medan Spot Market as of May 30, 2022, had increased by Rp 5,988.55 per kg, or a 17.04% 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 cooking oil prices were still above Rp 20,000 per kg yesterday.

Lampung, for example, recorded the highest price for branded cooking oil in Indonesia, at Rp 30,650 per kg. Other regions include Bengkulu at Rp 26,300 per kg, South Sulawesi at Rp 24,300 per kg, DKI Jakarta at Rp 23,900 per kg, and Yogyakarta at Rp 23,900 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 MYR 3,910 per Ton

CPO Price Falls to MYR 3,910 per Ton

CPO Price Falls to MYR 3,910 per Ton

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CPO Price Falls to MYR 3,910 per Ton

CPO Price Falls to MYR 3,910 per Ton

CPO Price Falls to MYR 3,910 per Ton

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