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Today, CPO prices are traded at US$1,005 per metric ton.

Agus Dwi Darmawan 24/06/2024 11:56 WIB

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Friday, June 21, 2024

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Today, CPO prices are traded at US$1,005 per metric ton.

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Friday, June 21, 2024

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Crude Palm Oil (CPO) prices on the Rotterdam Spot Market fell 6.94% to US$1,005 per metric ton on Friday, June 21, 2024, from the previous day's close. CPO prices had 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 11.05% (year-to-date/YTD). Similarly, on a year-on-year basis (YOY), CPO prices have increased by 11.67%.

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 were still above Rp 20,000 per kg yesterday.

Bengkulu, for example, recorded the highest price for branded cooking oil in Indonesia, at Rp 26,300 per kg. Other regions show prices such as: Rp 23,200 per kg in parts of Gorontalo; Rp 22,950 per kg in DKI Jakarta; Rp 22,950 per kg in DI Yogyakarta; and Rp 22,900 per kg in Banten.

"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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Today, CPO prices are traded at US$1,005 per metric ton.

Today, CPO prices are traded at US$1,005 per metric ton.

Today, CPO prices are traded at US$1,005 per metric ton.

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Today, CPO prices are traded at US$1,005 per metric ton.

Today, CPO prices are traded at US$1,005 per metric ton.

Today, CPO prices are traded at US$1,005 per metric ton.

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