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Indonesian CPO Prices Remain Stable at IDR 15,800/kg as Most KPBN Tenders Are Withdrawn
['August', 'Wib']
Palmoilmagazine.com
Meanwhile, the FOB Talang Duku tender opened at IDR 15,600/kg but was withdrawn after the highest bid reached only IDR 15,367/kg.
The Franco Teluk Bayur tender opened at IDR 15,670/kg, with the highest offer of IDR 15,437/kg, while FOB Palembang opened at IDR 15,650/kg and received a top bid of IDR 15,417/kg before being withdrawn.
At the mill level, Loco Parindu & Ngabang opened at IDR 15,450/kg, attracting a highest bid of IDR 15,216/kg, while Loco Kembayan opened at IDR 15,350/kg with a top offer of IDR 15,116/kg.
Meanwhile, the FOB Lampung tender opened at IDR 34,559/kg but was withdrawn after the highest bid reached IDR 31,600/kg.
The trend reflects a cautious market sentiment as industry participants continue to monitor developments in the global vegetable oil market and evolving supply-demand fundamentals.