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Crude Palm Oil (CPO) Price Falls to US$1,005 per Metric Ton

Agus Dwi Darmawan 23/06/2024 12:07 WIB

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Friday, June 21, 2024

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Crude Palm Oil (CPO) Price Falls to US$1,005 per Metric Ton

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Friday, June 21, 2024

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Crude Palm Oil (CPO) prices on the Rotterdam Spot Market fell 6.94% to US$1,005 per metric ton on Friday, June 21, 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 11.05% (year-to-date/YTD). Similarly, year-on-year (YOY), CPO prices have increased by 11.67%.

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

Compared to December 31, 2021, the CPO price on 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).

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.

Bengkulu, for example, recorded the highest price for branded cooking oil in Indonesia, at Rp 26,300 per kg. Other regions showed prices of Rp 23,200 per kg in parts of Gorontalo, Rp 22,950 per kg in DKI Jakarta, Rp 22,950 per kg in parts of Yogyakarta, and Rp 22,900 per kg in Banten.

"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$1,005 per Metric Ton

Crude Palm Oil (CPO) Price Falls to US$1,005 per Metric Ton

Crude Palm Oil (CPO) Price Falls to US$1,005 per Metric Ton

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Crude Palm Oil (CPO) Price Falls to US$1,005 per Metric Ton

Crude Palm Oil (CPO) Price Falls to US$1,005 per Metric Ton

Crude Palm Oil (CPO) Price Falls to US$1,005 per Metric Ton

Tags

Related Data

3.97% of Karawang Regency's Population Has Higher Education by End of 2024

KLHK Detects 150 Hotspots in Indonesia, Most in North Maluku (Tuesday, December 23, 2025)

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