Crude Palm Oil (CPO) price on the Rotterdam Commodity Exchange remains at US$ 980 per metric ton (Tuesday, August 1, 2023)

The price of CPO on the Rotterdam commodity exchange this morning, until 09.09 WIB (Western Indonesian Time), is US$980 per metric ton, as of Tuesday, August 1, 2023. This CPO price on the Rotterdam commodity exchange only moved 1.55% compared to the closing price on Sunday, July 30, 2023, which was traded at US$980 per metric ton. Today's CPO trading on the Rotterdam commodity exchange is expected to move in the range of US$960 - US$980 per metric ton.

As shown on investing.com, the CPO price on the Rotterdam commodity exchange has fallen by 6.89% in a week. Compared to 30 days prior, the CPO price on the Rotterdam commodity exchange has increased by 5.38%.

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

Compared to the end of last year, which was still at US$1,305 per ton, the palm oil price has plummeted by -24.9% (Year to Date/YTD). Compared to the lowest point on June 16, 2021, the CPO price has increased by 0.51%.

The increase in CPO prices also impacted the price of cooking oil in Indonesia. Cooking oil prices in various regions are above Rp 20,000 per liter. Cooking oil was even temporarily scarce in the market.

However, for the one-year data range, CPO on the Rotterdam commodity exchange has actually decreased. The previous highest record reached US$1,180 per metric ton.

The CPO price on the Rotterdam commodity exchange reached its lowest point of US$850 per metric ton on Wednesday, May 31, 2023. The highest point this year was around US$1,065 per metric ton.