Crude Palm Oil (CPO) prices on the Rotterdam Commodity Exchange rose to US$ 1,027.5 per metric ton (Thursday, March 30, 2023)

The price of CPO at the Rotterdam commodity exchange this morning until 09.09 WIB was at US$ 1,027.5 per metric ton as of Thursday, March 30, 2023. The CPO price at the Rotterdam commodity exchange increased by 2.24% compared to the previous day's closing price of US$ 1,005 per metric ton. The movement of CPO at the Rotterdam commodity exchange today is expected to be in the range of US$ 1,027.5 - 1,035 per metric ton.

As shown on investing.com, the CPO price at the Rotterdam commodity exchange has increased by 3.79% in a week. Compared to 30 days prior, the CPO price at the Rotterdam commodity exchange has increased by 3.27%.

Before Russia's attack on Ukraine, the CPO price in 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 by -21.26% (Year to Date/YTD). Compared to the lowest point on June 16, 2021, the CPO price has soared by 5.38%.

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

However, for a one-year data range, CPO at the Rotterdam commodity exchange has actually decreased. The previous highest record reached US$ 1,912.5 per metric ton.

For the January-March 2023 period, the CPO price at the Rotterdam commodity exchange showed a downward trend, moving -0.24% compared to the beginning of the year, which was at US$ 1,030 per metric ton.