the crude palm oil (CPO) would keep being in fluctuation in the early of 2020. it makes the new sense for this business. it once hit the most expensive price, Us$ 729 per ton in the exchange some time ago. the stakeholders hoped that it could be more expensive. but the latest condition in the exchange showed that the indicators of CPO selling price would be stagnant.
The latest one showed that in the end of January 2020 the Malaysia Derivative Exchange showed that the CPO selling price was RM 2.723 within the United States of America currency was 0,24/US$. It means that the CPO in April 2020 delivery would be US$ 664 per ton. If compared to the early 2020 which was RM 3.130 or about US$ 729 per ton, it got cheaper US$ 65 per ton (Read InfoSAWIT, January 2020, Editorial).
In the beginning, the CPO markets in the end of 2019 and in the early of 2020 were seen in Indonesia which consumed lots of CPO as the material for food and non-food oil. This would consume more CPO in the early of 2020. The biodiesel usage mandatorily as B30 could increase the CPO consumption in this year, reaching about 6 to 9 tons.
The increasing CPO consumption in Indonesia in 2020 would automatically reduce some import countries consuming CPO from Indonesia, namely t . . . .