Latest News: Page 24

30

Jun

GMS 2021 Annual Report of PT KPBN

In principle, the Shareholders can accept the performance of PT KPBN’s financial report in 2021, and can be used as material for evaluation in the [...]

IKBI Holds Social Service at Darul Aliyah Al Anwar Orphanage

31

Mar

IKBI Holds Social Service at Darul Aliyah Al Anwar Orphanage

Activities carried out include donations to orphans in the form of cash, basic necessities, and religious equipment. "This is a form of support and [...]

CPO Price on KPBN Prints Record Throughout History, Breaks Through IDR 15,000 per Kg

21

Jan

CPO Price on KPBN Prints Record Throughout History, Breaks Through IDR 15,000 per Kg

Inacom is one of the state-owned enterprises (BUMN) engaged in the field of trade services (trade) and auction (tender) of plantation commodities [...]

CPO Price on KPBN Prints Record Throughout History, Breaks Through IDR 15,000 per Kg.

Inacom is one of the state-owned enterprises (BUMN) engaged in the field of trade services (trade) and auction (tender) of plantation commodities to the international market. Inacom, which is the abbreviation of Indonesia Commodity, was previously named PT KPBN, a subsidiary in which the majority of shares were owned by PT Perkebunan Nusantara (Persero) Holding or PTPN Holding.

KPBN predicts that the highest position of the CPO price will continue to occur until the first quarter or before Ramadan, before production starts recovery in the middle of the second quarter of 2022.

“ The causes are supply and demand. Supply in Malaysia, the world's leading producer of crude palm oil, has fallen by 6 percent, ” said PT KPBN Director Rahmanto Amin Jatmiko at a Public Hearing Meeting of Commission VI of the Indonesian Parliament, Wednesday (19/01).

Rahmanto said that CPO supply depends on the movement of people during the pandemic. The CPO production factors in Malaysia and the weather can predict supply is still tight. While demand tends to rise.

According to him, CPO is a global commodity, so KPBN monitors the price of CPO based on the international market. Currently, KBPN's reference is the Malaysian derivative market (MDEX).

The determination of the CPO price is based on the price movement of competing commodities, supply and demand, the Levy and Export Tax policies, as well as global economic developments and strategic issues. Global economic conditions will be closely related to the level of demand that occurs.

Throughout 2021, the price of CPO increased by almost 35 percent compared to 2020. Based on KPBN observations, there were four factors that caused the increase in CPO prices, including shortage production in the producing country due to COVID-19 and weather disturbances.

Source:  https://kumparan.com/kumparanbisnis/harga-cpo-di-kpbn-cetak-rekor-sepanjang-sejarah-tembus-rp-15-000-per-kg-1xL6UInr88j/full

Highest Level Throughout History, KPBN CPO Price Reaches Rp 15,000/Kg

21

Jan

Highest Level Throughout History, KPBN CPO Price Reaches Rp 15,000/Kg

“Throughout 2021, the CPO price increased by almost 36.3% compared to 2020. Palm oil is a global commodity using the Bursa Malaysia [...]

Highest Level Throughout History, KPBN CPO Price Reaches Rp 15,000/Kg. “Throughout 2021, the CPO price increased by almost 36.3% compared to 2020. Palm oil is a global commodity using the Bursa Malaysia reference,” Rahmanto said in the RDPU of Commission VI of the Indonesian House of Representatives with the Indonesian Vegetable Oil Industry Association (GIMNI), General Association of the Indonesian Edible Oil Industry (AIMMI), the Indonesian Palm Oil Entrepreneurs Association (GAPKI), and PT. Kharisma Pemasaran Bersama Nusantara (KPBN) INACOM, Wednesday (January 19, 2022).
Rahmanto explained that the increase in the CPO price was influenced by four factors. First, a shortage of production in producing countries due to COVID-19 and weather disruptions, for example, palm oil supply from Malaysia dropped by 6%. Second, India’s policy to cut its import tax.
Third, the impact of commodity supercycle speculation. The fourth factor is the solid movement of crude oil and vegetable oil prices.
“High prices will continue to persist until the first quarter of 2022, at least until Ramadan. Until an improvement in mid-2022,” he said.
He said the CPO price was strongly influenced by the market. KPB conducts tenders to determine the price each day. As long as supply is reduced, especially due to the COVID-19 pandemic, because human movement is restricted. As happened in Malaysia where there is a shortage of workers.
As of January 18, 2022, the CPO price Franco Belawan & Dumai was IDR 14,805/Kg. Furthermore, the CPO price Franco Belawan & Dumai was IDR 14,760/kg.
Source: https://sawitindonesia.com/tertinggi-sepanjang-sejarah-harga-cpo-kpbn-capai-rp-15-000-kg/

28

Dec

Handover of SEVP Position of PT KPBN

Effective from December 21, 2021, the dismissal with honor of Mr. Rahmat Akmal as SEVP Operation of PT KPBN. Transferring the assignment of Mr. Arif [...]

23

Nov

Trading Room Door Design and 12th Anniversary Logo Competition Winner

The Trading Room Door Plate Competition was held on 29 October – 3 November 2021, while the Inacom KPBN Anniversary Logo Competition was held on 11 [...]

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