CPO Price Rises to US$1,135 per Metric Ton

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Agus Dwi Darmawan 07/12/2022 11:42 WIB

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Crude Palm Oil (CPO) Prices for the Last Three Months - Data as of Thursday, December 1, 2022

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Crude Palm Oil (CPO) Prices for the Last Three Months - Data as of Thursday, December 1, 2022

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Crude Palm Oil (CPO) prices on the Rotterdam spot market increased by 5.34% to US$1,135 per metric ton on Thursday, December 1, 2022, from the previous day's closing price. CPO prices reached their highest level of US$2,010 per metric ton on Wednesday, March 9, 2022.

Compared to the beginning of the year, CPO prices on the spot market today are down 14.02% (year-to-date/YTD). Similarly, on a year-on-year basis (YOY), CPO prices have fallen by 12.02%.

Meanwhile, domestically, the spot price of palm oil in Medan reached Rp 17,608 per kg at the close of trading on Tuesday, December 6, 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 Lampung, cooking oil was sold for Rp 30,150 per kg. In Southeast Sulawesi, the price was Rp 26,750 per kg; in Maluku, Rp 26,400 per kg; in Bengkulu, Rp 26,300 per kg; and in Central Kalimantan, Rp 25,900 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 Rises to US$1,135 per Metric Ton

CPO Price Rises to US$1,135 per Metric Ton

CPO Price Rises to US$1,135 per Metric Ton

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CPO Price Rises to US$1,135 per Metric Ton

CPO Price Rises to US$1,135 per Metric Ton

CPO Price Rises to US$1,135 per Metric Ton

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