CPO price rises to MYR 3.977 per tonne.
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Palm oil prices on the Malaysian Futures Exchange (FCPOc1) rose 0.28% to MYR 3.977 per ton on Wednesday, July 17, 2024, from the previous day's close. CPO prices reached their highest level of MYR 4.579 per ton on Wednesday, April 3, 2024.
Compared to the beginning of the year, CPO prices in the Spot Market today are up 9.47% (year-to-date/ytd). Similarly, year-on-year, CPO prices have increased by 2.37% (year-on-year/yoy).
Meanwhile, domestically, palm oil prices in the Medan spot market reached Rp 15,410 per kg at the close of trading on Wednesday, April 17, 2024.
Compared to the position on December 31, 2021, the CPO price in the Medan Spot Market as of May 30, 2022, had increased by Rp 5,988.55 per kg, or a year-to-date increase of 23.78% (ytd).
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.
Some regions recording high cooking oil prices include Bengkulu, where prices reached Rp 26,300 per kg.
Other regions with the highest national cooking oil prices are Gorontalo at Rp 23,250 per kg, DKI Jakarta at Rp 22,950 per kg, DI Yogyakarta at Rp 22,950 per kg, and Banten at Rp 22,900 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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