CPO Price Remains at US$945 per Metric Ton

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Agus Dwi Darmawan 10/03/2023 12:06 WIB

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Monday, February 6, 2023

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CPO Price Remains at US$945 per Metric Ton

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Monday, February 6, 2023

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Crude Palm Oil (CPO) prices on the Rotterdam spot market remained steady at US$945 per metric ton for the past three days, as of Monday, February 6, 2023. CPO prices had previously reached a high of US$1,065 per metric ton on Monday, January 2, 2023.

Compared to the beginning of the year, CPO prices on the spot market today are down 8.25% (year-to-date/YTD). Similarly, on a year-on-year basis (YOY), CPO prices have fallen by 33.68% compared to the same period last year.

Meanwhile, domestically, the spot price of palm oil in Medan reached Rp 15,343 per kg at the close of trading on Wednesday, March 8, 2023.

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.

Central Kalimantan, for example, recorded the highest cooking oil prices in Indonesia, with branded cooking oil selling at Rp 27,300 per kg. Other regions, such as Central Java, recorded cooking oil prices at Rp 21,650 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$945 per Metric Ton

CPO Price Remains at US$945 per Metric Ton

CPO Price Remains at US$945 per Metric Ton

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CPO Price Remains at US$945 per Metric Ton

CPO Price Remains at US$945 per Metric Ton

CPO Price Remains at US$945 per Metric Ton

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