Crude Palm Oil (CPO) price on the Rotterdam Commodity Exchange remains at US$ 977.5 per metric ton (Sunday, February 26, 2023)

The price of CPO on the Rotterdam commodity exchange this morning until 09.09 WIB was US$ 977.5 per metric ton, data as of Sunday, February 26, 2023. The CPO price on the Rotterdam commodity exchange only moved -1.76% compared to the closing price on Thursday, February 23, 2023, which was traded at US$ 995 per metric ton. Today's CPO trading on the Rotterdam commodity exchange is expected to move in the range of US$ 977.5 - 977.5 per metric ton.

As shown on investing.com, the CPO price on the Rotterdam commodity exchange has increased by 0.26% in a week. However, compared to 30 days earlier, the CPO price on the Rotterdam commodity exchange is still lower by -1.76%.

Before Russia's attack on Ukraine, the CPO price on the Rotterdam spot market was still at US$ 1,640 per ton (2/23/2022). 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 -25.1% (Year to Date/YTD). Compared to the lowest point on June 16, 2021, the CPO price has risen 0.26%.

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 a one-year data range, CPO on the Rotterdam commodity exchange has actually experienced a decline. The previous highest record reached US$ 2,010 per metric ton.

For the period January-February 2023, the CPO price on the Rotterdam commodity exchange showed a downward trend, moving -5.1% compared to the beginning of the year, which was at US$ 1,030 per metric ton.