CPO Price Remains at US$997.5 per Metric Ton

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Agus Dwi Darmawan 14/01/2023 12:06 WIB

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of January 1st, 2023

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CPO Price Remains at US$997.5 per Metric Ton

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of January 1st, 2023

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The Rotterdam spot market price of Crude Palm Oil (CPO) remained at US$997.5 per metric ton for the past 11 days, as of Sunday, January 1, 2023. The CPO price reached its highest level of US$2,010 per metric ton on Wednesday, March 9, 2022.

Compared to the beginning of the year, the current spot market CPO price is down 24.43% year-to-date (YTD). Similarly, year-on-year (YOY), the CPO price has decreased by 22.67% compared to the same period last year.

Meanwhile, domestically, the Medan spot market price of palm oil reached Rp 16,702 per kg at the close of trading on Friday, December 30, 2022.

Compared to December 31, 2021, the Medan spot market CPO price on May 30, 2022, had increased by Rp 5,988.55 per kg, or a 17.79% year-to-date (YTD) increase as of today.

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

Lampung, for example, recorded the highest branded cooking oil price in Indonesia, at Rp 30,600 per kg.

Other regions, including parts of North Maluku, showed cooking oil prices at Rp 29,950 per kg; Maluku at Rp 26,400 per kg; Bengkulu at Rp 26,300 per kg; and Central Kalimantan at 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 Remains at US$997.5 per Metric Ton

CPO Price Remains at US$997.5 per Metric Ton

CPO Price Remains at US$997.5 per Metric Ton

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CPO Price Remains at US$997.5 per Metric Ton

CPO Price Remains at US$997.5 per Metric Ton

CPO Price Remains at US$997.5 per Metric Ton

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