Morning, CPO price traded at US$1,020 per metric ton.
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Crude Palm Oil (CPO) prices on the Rotterdam Spot Market fell 3.32% to US$1,020 per metric ton on Tuesday, July 23, 2024, from the previous day's close. CPO prices had reached a high 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 12.71% (year-to-date/YTD). Similarly, on a year-on-year basis (YOY), CPO prices have increased by 3.03%.
Meanwhile, domestically, the price of palm oil on the Medan spot market reached Rp 15,410 per kg at the close of trading on Wednesday, April 17, 2024.
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.
Aceh, for example, recorded the highest price for branded cooking oil in Indonesia, at Rp 19,900 per kg. In parts of Bali, branded cooking oil was priced at Rp 19,050 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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