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Oil World Predicted, The CPO Could be US$ 700/Ton in 2020



Oil World Predicted, The CPO Could be US$ 700/Ton in 2020

InfoSAWIT, JAKARTA - Thomas Mielkie of Oil world told that the crude palm oil  (CPO) CPO FOB from Indonesia would be about US$ 650 – US$ 700 per ton in 2020. It happens for the competition among the other kinds vegetable oil would be tighter. Though the CPO usage in the global markets keeps increasing the tight trade competition among the producer countries would make the selling price of vegetable oil in fluctuation.

Thomas predicted that until the first semester of 2020, the CPO FOB from Indonesia could be about US$ 600 per ton. The CPO selling price would be cheaper than other kinds of vegetable oil, such as, soybean, and sun flower.

“The FOB CPO from Indonesia is influenced by the currency. Until the first semester of 2020, it could be up to US$ 600 per ton,” the man from United States of America emphasized. (T1)

For more, please read InfoSAWIT, December 2019

 


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