Morning, CPO price traded at US$ 1,075 per metric ton.

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Agus Dwi Darmawan 30/06/2024 11:36 WIB

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Thursday, June 27, 2024

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Morning, CPO price traded at US$ 1,075 per metric ton.

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Thursday, June 27, 2024

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Crude Palm Oil (CPO) prices on the Rotterdam Spot Market fell 0.46% to US$1,075 per metric ton on Thursday, June 27, 2024, from the previous day's closing price. 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 18.78% (year-to-date/YTD). Similarly, on a year-on-year basis (YOY), CPO prices have increased by 15.59%.

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.

The easing of the impact of the Covid-19 pandemic and the growth of the global economy led to increased demand for commodities throughout last year. As a result, CPO prices on the Medan Spot Market had recovered by 38.97% throughout 2021.

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 recording high cooking oil prices include East Nusa Tenggara, where prices reached Rp 29,250 per kg. Other regions with the highest national cooking oil prices include Lampung at Rp 28,850 per kg, Bengkulu at Rp 26,300 per kg, North Maluku at Rp 25,100 per kg, and parts of 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."