CPO Price at Malaysia Derivatives Exchange Rises Amidst Soyoil Price Surge on Thursday (14/9)

Palm Iul Magazine
Doc. Special / CPO extended the second day increasing price because soyoil got more expensive at Chicago Board of Trade (CBOT).

PALMOILMAGAZINE, JAKARTA – Crude palm oil (CPO) reference contract price with the code FCPOc3 for November 2023 delivery at Malaysia Derivatives Exchange (MDEX) increased RM 3,1 or 0,83% to be RM 3,757 (US$ 802,95) per metric ton in the midday.

Soyoil contract price at Dalian Exchange with the code DBYcv1 increased 0,32%, CPO contract price with the code DCPcv1 did too 0,62 %. Soyoil price at Chicago Board of Trade BOcv1 decreased 0,18%, as quoted from Reuters on Thursday (14/09/2023).

Read More

ADVERTISEMENT


CPO extended the second day increasing price because soyoil got more expensive at Chicago Board of Trade (CBOT).

Also Read : CPO Price at Bursa Malaysia Jumps by RM 11 on Wednesday (13/9)

Palm oil has something to do with other vegetable oil price because they compete to get parts of vegetable oil markets globally.

Cargo surveyor – Intertek Testing Services mentioned, palm oil exports from Malaysia on 1 – 10 September decreased 11,2% from the previous month while independent inspection company – AmSpec Agri Malaysia predicted, the exports from the country decreased 20,4%. (T2)


Read More On GOOGLE NEWS. or Let's join the Telegram group "Palm Oil Magazine", click the link PalmOilMagazine News, and join. You must first install the Telegram application on your android.

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *