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CPO Price Falls to MYR 3,908 per Ton

Agus Dwi Darmawan 14/05/2024 14:38 WIB

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Monday, May 13, 2024

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CPO Price Falls to MYR 3,908 per Ton

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Monday, May 13, 2024

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Palm oil prices on the Malaysian Futures Exchange (FCPOc1) fell 0.38% to MYR 3.908 per ton on Monday, May 13, 2024, from the previous day's close. CPO prices had reached their highest level of MYR 4.579 per ton on Wednesday, April 3, 2024.

Compared to the beginning of the year, CPO prices in the spot market today are up 7.57% (year-to-date/YTD). Similarly, compared to the same period last year, CPO prices have fallen 43.77% year-on-year (YOY).

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

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 is sold for Rp 30,950 per kg. In East Nusa Tenggara, it's Rp 28,950 per kg; in Maluku, Rp 26,550 per kg; in Bengkulu, Rp 26,300 per kg; and in North Maluku, 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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CPO Price Falls to MYR 3,908 per Ton

CPO Price Falls to MYR 3,908 per Ton

CPO Price Falls to MYR 3,908 per Ton

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CPO Price Falls to MYR 3,908 per Ton

CPO Price Falls to MYR 3,908 per Ton

CPO Price Falls to MYR 3,908 per Ton

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