Crude Palm Oil (CPO) price on the Rotterdam Commodity Exchange remains at US$900 per metric ton (Tuesday, October 4, 2022)

The price of CPO on the Rotterdam commodity exchange this morning, until 09.09 WIB (Western Indonesian Time), was US$900 per metric ton, as of Tuesday, October 4, 2022. This represents a 2.27% increase compared to the closing price on Sunday, October 2, 2022, which was US$880 per metric ton. The CPO price on the Rotterdam commodity exchange is expected to range between US$900 and US$965 per metric ton today.

According to investing.com, the price of CPO on the Rotterdam commodity exchange has fallen by 7.22% in the past week. Compared to the price 30 days ago, the price is still down by -22.41%.

Before Russia's invasion of 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-year price of US$1,305 per ton, the palm oil price has plummeted by -31.03% (Year to Date/YTD). Compared to the lowest point on June 16, 2021, the CPO price has dropped by -7.69%.

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, the CPO price on the Rotterdam commodity exchange has actually decreased. The previous record high reached US$2,010 per metric ton.

The CPO price 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.