Crude Palm Oil (CPO) Prices on the Rotterdam Commodity Exchange Rise to US$1,010 per Metric Ton (Thursday, December 29, 2022)

The price of CPO on the Rotterdam commodity exchange this morning, until 09.09 WIB (Western Indonesian Time), was US$1,010 per metric ton, as of Thursday, December 29, 2022. This is a 4.66% increase compared to the previous day's closing price of US$965 per metric ton. Today's CPO trading on the Rotterdam commodity exchange is expected to range from US$1,010 to US$1,025 per metric ton.

According to investing.com, the price of CPO on the Rotterdam commodity exchange has increased by 1.25% in the past week. However, compared to the previous 30 days, the price is still lower by -6.05%.

Before Russia's attack on Ukraine, the CPO price on the Rotterdam spot market was at US$1,640 per ton (February 23, 2022). After 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 -22.61% (Year to Date/YTD). However, compared to its lowest point on June 16, 2021, the CPO price has risen by 3.59%.

The increase in CPO prices has also impacted cooking oil prices 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, CPO on the Rotterdam commodity exchange has actually experienced a decline. The previous highest record reached US$2,010 per metric ton.

The price of CPO on the Rotterdam commodity exchange reached its lowest point of US$880 per metric ton on Thursday, September 29, 2022. The highest point this year was around US$2,010 per metric ton.