Crude Palm Oil (CPO) Price Falls to MYR 3,800 per Ton

Agus Dwi Darmawan 17/05/2024 14:45 WIB

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Tuesday, May 14, 2024

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Crude Palm Oil (CPO) Price Falls to MYR 3,800 per Ton

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Tuesday, May 14, 2024

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Palm oil prices on the Malaysian Futures Exchange (FCPOc1) fell 2.76% to MYR 3,800 per ton on Tuesday, May 14, 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 4.6% (year to date/ytd). Similarly, year-on-year, CPO prices have increased by 82.6% (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, the price of branded cooking oil remains high. The National Strategic Food Price Information Center (PIHPS) reported that cooking oil prices were still above Rp 20,000 per kg yesterday.

Some regions recording high cooking oil prices include East Nusa Tenggara, where prices reached Rp 28,900 per kg.

Other regions with the highest national cooking oil prices include Maluku (Rp 26,550 per kg), North Maluku (Rp 25,700 per kg), parts of South Sulawesi (Rp 24,300 per kg), and Yogyakarta Special Region (Rp 22,600 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."