Today, CPO price is traded at MYR 3,930 per ton.

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Agus Dwi Darmawan 22/06/2024 14:57 WIB

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Friday, June 21, 2024

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Crude Palm Oil (CPO) Prices Over the Last Three Months - Data as of Friday, June 21, 2024

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The price of palm oil on the Malaysian Futures Exchange (FCPOc1) fell by 1.26% to MYR 3,930 per ton on Friday, June 21, 2024, from the previous day's close. The CPO price had reached its highest level of MYR 4,579 per ton on Wednesday, April 3, 2024.

Compared to the beginning of the year, the CPO price in the Spot Market today is up 8.18% (year-to-date/YTD). Similarly, year-on-year (YOY), the CPO price has increased by 8.23% compared to the same period.

Meanwhile, domestically, the price of palm oil in the Medan spot market reached Rp 15,410 per kg at the close of trading on Wednesday, April 17, 2024.

Previously, the government banned the export of cooking oil and CPO on April 28, 2022. This ban caused the CPO price in the Medan spot market to fall by Rp 5,334.04 per kg or 18.13% to its lowest point of Rp 24,085.37 per kg on May 20, 2022.

The government then reopened exports on May 23, 2022, and CPO prices began to show an upward trend.

In some parts of Indonesia, the price of branded cooking oil remains high. The National Strategic Food Price Information Center (PIHPS) released a price monitoring report showing that cooking oil prices were still above Rp 20,000 per kg yesterday.

For example, in Gorontalo, cooking oil is sold for Rp 23,200 per kg. In Yogyakarta, it's Rp 22,950 per kg; in Jakarta, Rp 22,950 per kg; in Banten, Rp 22,900 per kg; and in Central Java, Rp 20,600 per kg.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Today, CPO price is traded at MYR 3,930 per ton.

Today, CPO price is traded at MYR 3,930 per ton.

Today, CPO price is traded at MYR 3,930 per ton.

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Today, CPO price is traded at MYR 3,930 per ton.

Today, CPO price is traded at MYR 3,930 per ton.

Today, CPO price is traded at MYR 3,930 per ton.

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