Flash News
infosawit

CPO Price at Malaysia Exchange Increased RM 74 per ton on Monday (21/8)



Doc. Special
CPO Price at Malaysia Exchange Increased RM 74 per ton on Monday (21/8)

InfoSAWIT, SINGAPORE – Crude palm oil (CPO) contract price at Malaysia Derivatives Exchange got recovered on Monday (21/8/2023), because other vegetable oils got increasing, and export data showed the increasing and encouraged the positive sentiment.

As quoted from Reuters, CPO contract price with the code FCPOc3 for November 2023 delivery at Malaysia Derivatives Exchange increased RM 74 or about 1,91%, to be RM 3.946 (US$ 848,97) per metrict ton in the early trade and cut off the losses from the previous sessions.

Cargo surveyor - Intertek Testing Services showed on Sunday that palm oil exports in Malaysia on 1 - 20 August increased 9,8% to be 827.975 metric tons in the same period in the previous month.

Still from Reuters, soyoil contract price at Dalian with the code DBYcv1 and CPO contract with the code DCPcv1 increased 0,9% for each, soyoil at Chicago Board of Trade BOcv1 increased 1,3%.

Palm oil has something to do with other vegetable oil price because they compete to get parts in vegetable oil markets globally. (T2)


READ MORE ON GOOGLE NEWS.