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CPO Price at Malaysia Exchange Increased for Expensive Soyoil on Thursday (14/9)



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CPO Price at Malaysia Exchange Increased for Expensive Soyoil on Thursday (14/9)

InfoSAWIT, JAKARTA – Crude palm oil (CPO) at Malaysia Derivative Exchange on Thursday (14/09/2023) extended the second day increasing price because soyoil got more expensive at Chicago Board of Trade (CBOT).

As quoted from Reuters, CPO reference contract price with the code FCPOc3 for November 2023 delivery at Malaysia Derivatives Exchange 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%.

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)

 

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