Rotterdam Commodity Exchange CPO Price Rises to US$1,300 per Metric Ton (Thursday, July 14, 2022)

The price of CPO on the Rotterdam commodity exchange this morning, until 09.09 WIB (Western Indonesian Time), was US$1,300 per metric ton as of Thursday, July 14, 2022. This is a four percent increase compared to the previous day's closing price of US$1,250 per metric ton. The CPO price on the Rotterdam commodity exchange is expected to range between US$1,120 and US$1,300 per metric ton today.

According to investing.com, the CPO price on the Rotterdam commodity exchange has fallen by 0.38% in the past week. Compared to 30 days prior, the price is still down by -24.2%.

Before Russia's invasion of Ukraine, the CPO price on the Rotterdam spot market was at US$1,640 per ton (February 23, 2022). Following the invasion, the CPO price surged for two weeks.

Compared to the end of last year, when it was at US$1,305 per ton, the palm oil price has dropped by -0.38% (Year to Date/YTD). However, compared to its lowest point on June 16, 2021, the CPO price has surged by 33.33%.

The increase in CPO prices has also impacted the price of cooking oil in Indonesia. Cooking oil prices in various regions are above Rp 20,000 per liter. There were even periods of cooking oil shortages in the market.

However, over the past year, the CPO price on the Rotterdam commodity exchange has actually decreased. The previous record high reached US$2,010 per metric ton.

The CPO price on the Rotterdam commodity exchange reached its lowest point of US$1,250 per metric ton on Monday, July 11, 2022. The highest point this year was around US$2,010 per metric ton.