InfoSAWIT, NEW DELHI – Crude palm oil (CPO) contract price at Malaysia Derivatives Exchange increased on Tuesday (3/10/2023). It was getting cheaper in the second session on Monday (2/10) when the traders in China postpone purchasing for being holidays.
As quoted from Reuters, CPO reference contract with the code FCPOc3 for December 2023 delivery at Malaysia Derivatives Exchange increased 0,81% to be RM 3,733 (US$ 790,39) per metric ton di the early trade.
It decreased 6,06% in September 2023 compared to the previous month after it increased for two months in a row.
Dalian Exchange has been off since 29 September to 6 October because mid - autumn festival and national holidays. Soyoil price at Chicago Board of Trade BOc2 increased 0,4%.
Palm oil has something to do with other vegetable oil price because they compete to get parts in vegetable oil trade globally. (T2)