CPO Price Increases to MYR 3,963 per Ton

Consumer Services & Health

Lite

Agus Dwi Darmawan 21/02/2024 14:43 WIB

URL has been copied

Memuat...

The National Center for Strategic Food Price Information (PIHPS) reports that cooking oil prices monitored yesterday remained above Rp 20,000 per kg.

Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Monday, February 19, 2024

A Font Kecil
A Font Sedang
A Font Besar

Access single data

CPO Price Increases to MYR 3,963 per Ton

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Monday, February 19, 2024

Download

Source

A Small Font
A Medium Font
A Bigger Font

The price of palm oil on the Malaysian Futures Exchange (FCPOc1) increased by 1.36% to MYR 3,963 per ton on Monday, February 19, 2024, from the previous day's close. The CPO price reached its highest level of MYR 4,019 per ton on Friday, January 26, 2024.

Compared to the beginning of the year, the CPO price in the Spot Market today is up 9.08% (year-to-date/YTD). Similarly, year-on-year (YOY), the CPO price has increased by 1.25% compared to the same period.

Meanwhile, domestically, the palm oil price in the Medan spot market reached Rp 13,530 per kg at the close of trading on Friday, December 15, 2023.

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 17.04% increase year-to-date (YTD) as of today.

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.

For example, in Lampung, cooking oil is sold at Rp 30,650 per kg. In Bengkulu, it's sold at Rp 26,300 per kg; in North Maluku, Rp 24,400 per kg; in parts of South Sulawesi, Rp 24,300 per kg; and in Yogyakarta, Rp 23,900 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."