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).
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)
