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CPO Price at Malaysia Exchanges Slightly Increased: CPO Exports from Malaysia Escalated



CPO Price at Malaysia Exchanges Slightly Increased: CPO Exports from Malaysia Escalated

InfoSAWIT, KUALA LUMPUR – Crude palm oil (CPO) price at Bursa Malaysia Derivatives Exchange slightly increased, Monday (12/9/2022) heading to the data release of palm oil activity by Malaysian Palm Oil Board, and the support of the increasing exports in the early of September 2022.

As quoted from Reuters, CPO reference contract at FCPOc3 for November 2022 delivery at Bursa Malaysia Derivatives Exchange increased RM 33 per ton or about 0,92% to be RM 3.627 per ton in the early session.

A polling that Reuters did mentioned, the increasing production also escalate CPO stock in Malaysia to be 2,03 million tons.

Palm oil exports from Malaysia on 1 - 10 September escalated between 9,3% to 16,2% from the same period in August, as cargo survey reported on Saturday.

Soyoil price at Chicago Board of Trade BOcv1 decreased 1% but Dalian was close for holiday.

Reuters’ technical analyst, Wang Tao noted, CPO could be remaining at RM 3.666 per ton, but if there is redemption, it would be increasing at about RM 3.738 – RM 3.783 per ton. (T2)


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