Crude Palm Oil (CPO) price on the Rotterdam Commodity Exchange remains at US$ 1,025 per metric ton (Tuesday, July 25, 2023)

The price of CPO on the Rotterdam commodity exchange this morning, until 09.11 WIB (Western Indonesian Time), is US$1,025 per metric ton, as of Tuesday, July 25, 2023. This represents a 0% change compared to the closing price on Sunday, July 23, 2023, which was US$990 per metric ton. Today's CPO trading on the Rotterdam commodity exchange is expected to range between US$1,025 and US$1,070 per metric ton.

According to investing.com, the price of CPO on the Rotterdam commodity exchange has increased by 7.33% in the past week. Compared to the price 30 days ago, the price has increased by 8.75%.

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

Compared to the end-of-year price of US$1,305 per ton, the palm oil price has dropped by -21.46% (Year to Date/YTD). However, compared to its lowest point on June 16, 2021, the CPO price has risen by 5.13%.

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 a one-year period, CPO prices on the Rotterdam commodity exchange have actually decreased. The previous record high reached US$1,180 per metric ton.

From January to July 2023, the price of CPO on the Rotterdam commodity exchange showed a downward trend, decreasing by -0.49% compared to the beginning of the year, which was at US$1,030 per metric ton.