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CPO Price Remains at US$ 1,145 per Metric Ton

Agus Dwi Darmawan 16/11/2022 11:36 WIB

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Week of November 13, 2022

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CPO Price Remains at US$ 1,145 per Metric Ton

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Week of November 13, 2022

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Crude Palm Oil (CPO) prices on the Rotterdam spot market remained steady at US$1,145 per metric ton for the past nine days, as of Sunday, November 13, 2022. CPO prices reached their highest level of US$2,010 per metric ton on Wednesday, March 9, 2022.

Compared to the beginning of the year, CPO prices on the spot market today are down 13.26% year-to-date (YTD). Similarly, compared to the same period last year, CPO prices have fallen 17.03% year-on-year (YOY).

Meanwhile, domestically, the spot price of palm oil in Medan reached Rp 18,103 per kg at the close of trading on Friday, October 28, 2022.

Compared to December 31, 2021, the CPO price on the Medan spot market as of May 30, 2022, had increased by Rp 5,988.55 per kg, or a 27.67% year-to-date (YTD) increase as of today.

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 at Rp 30,150 per kg. In parts of Bengkulu, it is sold at Rp 26,300 per kg; in parts of South Sumatra, at Rp 24,900 per kg; in parts of Riau, at Rp 23,350 per kg; and in Banten, at Rp 22,700 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 Remains at US$ 1,145 per Metric Ton

CPO Price Remains at US$ 1,145 per Metric Ton

CPO Price Remains at US$ 1,145 per Metric Ton

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CPO Price Remains at US$ 1,145 per Metric Ton

CPO Price Remains at US$ 1,145 per Metric Ton

CPO Price Remains at US$ 1,145 per Metric Ton

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