At midday, CPO prices were traded at MYR 3,987 per ton.

Agus Dwi Darmawan 01/06/2024 14:30 WIB

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Thursday, May 30, 2024

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At midday, CPO prices were traded at MYR 3,987 per ton.

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Thursday, May 30, 2024

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The price of palm oil on the Malaysian Futures Exchange (FCPOc1) fell by 1.02% to MYR 3.987 per ton on Thursday, May 30, 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 9.74% (year-to-date/ytd). Similarly, year-on-year, the CPO price has increased by 16.24% (year-on-year/yoy).

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 the 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 is still high. The National Strategic Food Price Information Center (PIHPS) released a price monitoring report showing that cooking oil prices were still above Rp 20,000 per kg yesterday.

Some regions recording high cooking oil prices include Lampung, where cooking oil is sold at Rp 30,950 per kg.

Other regions with the highest cooking oil prices nationally are East Nusa Tenggara (Rp 28,900 per kg), Bengkulu (Rp 26,300 per kg), North Maluku (Rp 25,700 per kg), and 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."