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CPO Price Remains at US$940 per Metric Ton

Agus Dwi Darmawan 25/03/2023 11:55 WIB

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Friday, March 24, 2023

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CPO Price Remains at US$940 per Metric Ton

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Friday, March 24, 2023

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Crude Palm Oil (CPO) prices on the Rotterdam spot market remained steady at US$940 per metric ton for the past 17 days, as of Friday, March 24, 2023. The CPO price reached its highest level of US$1,065 per metric ton on Monday, January 2, 2023.

Compared to the beginning of the year, the CPO price on the spot market today is down 8.74% (year-to-date/YTD). Similarly, compared to the same period last year, the CPO price has fallen 50.66% (year-on-year/YOY).

Meanwhile, domestically, the palm oil price on the Medan spot market reached Rp 15,256 per kg at the close of trading on Friday, March 24, 2023.

Compared to the position on December 31, 2021, the CPO price on the Medan spot market as of May 30, 2022, had increased by Rp 5,988.55 per kg, or a 1.46% increase year-to-date (YTD) as of today.

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.

Some regions recording high cooking oil prices include Lampung, where prices reached Rp 30,600 per kg.

Other regions with the highest national cooking oil prices include Central Kalimantan at Rp 27,300 per kg, Bengkulu at Rp 26,300 per kg, North Maluku at Rp 25,050 per kg, and South Sumatra at Rp 24,900 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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CPO Price Remains at US$940 per Metric Ton

CPO Price Remains at US$940 per Metric Ton

CPO Price Remains at US$940 per Metric Ton

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CPO Price Remains at US$940 per Metric Ton

CPO Price Remains at US$940 per Metric Ton

CPO Price Remains at US$940 per Metric Ton

Tags

Related Data

Area of Palm Oil Land Owned by State-Owned Enterprises in West Java, 1996-2010

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Waste generation in Tangsel tends to increase until 2024

Prevalence of Food Consumption Inadequacy in Jepara Decreased by 2.16% in the Last Year

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