CPO Prices on Malaysia Exchange Decreased by RM 6 per Ton on Monday (28/8)

Palm Oil Magazine
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PALMOILMAGAZINE, SINGAPORE – According to AmSpec Agri Malaysia and cargo surveyor – Intertek Testing Services, palm oil exports on 1 – 25 August from Malaysia decreased between 4,3% and 7,8% from on 1 – 25 July.

CPO reference contract for November 2023 delivery at Malaysia Derivatives Exchange got cheaper RM 6 or 0,15% to be RM 3,956 (US$ 850,75) per metric ton in the early session, as quoted from Reuters.

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Crude palm oil (CPO) contract price at Malaysia Derivatives Exchange on Monday (28/8/2023) got cheaper after August 2023 CPO exports decreased while other vegetable oil could limit the decreasing values.

Also Read: Significant RM 74 per Ton Increase in CPO Price at Malaysia Exchange on Monday, August 21st

Indonesian Palm Oil Association (IPOA) mentioned that June 2023 exports reached 3,45 million tons or escalated 54,7% compared to May 2023 exports that reached 2,23 million tons. CPO derivative products exports reached 2,48 million tons or increased 52,4% in May 2023 export that reached 1,63 million tons.

Still from Reuters, soyoil contract price at Dalian with the code DBYcv1 increased 1,4%, palm oil contract with the code DCPcv1 increased 1,4%. Soyoil price at Chicago Board of Trade BOcv1 did increase 0,5%. (T2)

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