Crude Palm Oil (CPO) Price Rises to US$1032.5 per Metric Ton

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Agus Dwi Darmawan 30/05/2024 11:25 WIB

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Tuesday, May 28, 2024

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Crude Palm Oil (CPO) Price Rises to US$1032.5 per Metric Ton

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Tuesday, May 28, 2024

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Crude Palm Oil (CPO) prices on the Rotterdam Spot Market increased by 0.73% to US$1032.5 per metric ton on Tuesday, May 28, 2024, from the previous day's closing price. CPO prices reached their highest level of US$1,160 per metric ton on Wednesday, April 3, 2024.

Compared to the beginning of the year, CPO prices on the Spot Market today are up 14.09% (year-to-date/YTD). Similarly, on a year-on-year basis (YOY), CPO prices have increased by 11.32%.

Meanwhile, domestically, the CPO price on the Medan spot market reached Rp 15,410 per kg at the close of trading on Wednesday, April 17, 2024.

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, the price of branded cooking oil remains high. The National Strategic Food Price Information Center (PIHPS) reported that cooking oil prices yesterday were still above Rp 20,000 per kg.

For example, in North Maluku, cooking oil is sold for Rp 25,700 per kg. In South Sulawesi, it is sold for Rp 24,300 per kg; in Gorontalo, Rp 21,900 per kg; in West Sumatra, Rp 21,400 per kg; and in parts of North Kalimantan, Rp 20,700 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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Crude Palm Oil (CPO) Price Rises to US$1032.5 per Metric Ton

Crude Palm Oil (CPO) Price Rises to US$1032.5 per Metric Ton

Crude Palm Oil (CPO) Price Rises to US$1032.5 per Metric Ton

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Crude Palm Oil (CPO) Price Rises to US$1032.5 per Metric Ton

Crude Palm Oil (CPO) Price Rises to US$1032.5 per Metric Ton

Crude Palm Oil (CPO) Price Rises to US$1032.5 per Metric Ton

Tags

Related Data

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99 Hotspots Detected in Indonesia in the Last 24 Hours (Saturday, December 6, 2025)

Average Length of Schooling in Bekasi City Reaches 12.11 Years in 2025

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