InfoSAWIT, JAKARTA – Crude palm oil (CPO) price at Malaysia Derivatives Exchange increased on Monday (8/1/2023) for the third session in a row because of the expensive soyoil at Dalian and Chicago Board of Trade
As quoted from Reuters, CPO reference contract price with the code FCPOc3 for March 2024 delivery at Malaysia Derivatives Exchange got better RM 10 per metric tons or about 0,27% to be RM 3.692 (US$ 794,66) per metric ton in the morning session.
Soyoil contract price at Dalian with the code DBYcv1, increased 0,65% and CPO price with the code DCPcv1 did too about 1,17%. Soyoil at Chicago Board of Trade with the code BOcv1 also increased 0,36%.
Palm oil has something to do with other vegetable oil price because they compete to get part in vegetable oil trade globally. (T2)
