At midday, CPO prices were traded at MYR 3,823 per ton.

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

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At midday, CPO prices were traded at MYR 3,823 per ton.

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

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The price of palm oil on the Malaysian Futures Exchange (FCPOc1) increased by 0.61% to MYR 3,823 per ton on Thursday, May 16, 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 5.23% (year to date/ytd). Similarly, year-on-year (yoy), the CPO price has increased by two percent.

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.

The easing of the impact of the Covid-19 pandemic and the growth of the global economy have increased commodity demand throughout last year. As a result, the CPO price in the Medan Spot Market has recovered by 38.97% throughout 2021.

In some parts of Indonesia, the price of branded cooking oil is still high. The National Strategic Food Price Information Center (PIHPS) reported that the price of cooking oil yesterday was still above Rp 20,000 per kg.

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

Other regions with the highest cooking oil prices nationally are East Nusa Tenggara at Rp 28,900 per kg; parts of Maluku at Rp 26,550 per kg; Bengkulu at Rp 26,300 per kg; and parts of North Maluku at Rp 25,700 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."

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At midday, CPO prices were traded at MYR 3,823 per ton.

At midday, CPO prices were traded at MYR 3,823 per ton.

At midday, CPO prices were traded at MYR 3,823 per ton.

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At midday, CPO prices were traded at MYR 3,823 per ton.

At midday, CPO prices were traded at MYR 3,823 per ton.

At midday, CPO prices were traded at MYR 3,823 per ton.

Tags

Related Data

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Prevalence of Inadequate Food Consumption in Cilacap Decreased by 1.39% in the Last Year

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