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Crude Palm Oil (CPO) Price Remains at US$915 per Metric Ton

Agus Dwi Darmawan 21/06/2023 11:55 WIB

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Wednesday, June 21, 2023

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Crude Palm Oil (CPO) Price Remains at US$915 per Metric Ton

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Wednesday, June 21, 2023

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Crude Palm Oil (CPO) prices on the Rotterdam spot market remained steady at US$915 per metric ton for the past six days, as of Wednesday, June 21, 2023. The CPO price reached its highest level of US$1,065 per metric ton on Monday, January 2, 2023.

Compared to the beginning of the year, the CPO price on the spot market today is down 11.17% (year-to-date/YTD). Similarly, year-on-year (YOY), the CPO price has fallen by 43.69%.

Meanwhile, domestically, the CPO price on the Medan spot market reached Rp 15,054 per kg at the close of trading on Tuesday, June 20, 2023.

Previously, the government banned the export of cooking oil and CPO on April 28, 2022. This ban caused the CPO price on the Medan spot market to fall by Rp 5,334.04 per kg, or 18.13%, to its lowest point of Rp 24,085.37 per kg on May 20, 2022.

The government then reopened exports on May 23, 2022, and CPO prices began to show an upward trend.

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 North Maluku, cooking oil is sold for Rp 25,050 per kg. In Bali, it is sold for Rp 23,850 per kg; in Gorontalo, Rp 21,900 per kg; in East Kalimantan, Rp 21,850 per kg; and in West Papua, Rp 21,400 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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Crude Palm Oil (CPO) Price Remains at US$915 per Metric Ton

Crude Palm Oil (CPO) Price Remains at US$915 per Metric Ton

Crude Palm Oil (CPO) Price Remains at US$915 per Metric Ton

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Crude Palm Oil (CPO) Price Remains at US$915 per Metric Ton

Crude Palm Oil (CPO) Price Remains at US$915 per Metric Ton

Crude Palm Oil (CPO) Price Remains at US$915 per Metric Ton

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