Crude Palm Oil (CPO) Price on the Rotterdam Commodity Exchange Falls to US$ 1,022.5 per Metric Ton (Monday, January 9, 2023)

The price of CPO on the Rotterdam commodity exchange this morning, until 09.09 WIB (Western Indonesian Time), was US$ 1,022.5 per metric ton, as of Monday, January 9, 2023. This is a 2.15% decrease compared to the previous day's closing price of US$ 1,045 per metric ton. The CPO price on the Rotterdam commodity exchange is expected to range between US$ 1,015 and US$ 1,045 per metric ton today.

According to investing.com, the CPO price on the Rotterdam commodity exchange has fallen by 0.73% in the past week. Compared to 30 days ago, the price is still down by 2.15%.

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 last year, when it was at US$ 1,305 per ton, the palm oil price has plummeted by 21.65% (Year to Date/YTD). However, compared to its lowest point on June 16, 2021, the CPO price has increased by 4.87%.

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$ 1,015 per metric ton on Tuesday, January 10, 2023. The highest point this year was around US$ 1,065 per metric ton.