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Two Days in row, CPO Got Decreasing: The Reasons are



Two Days in row, CPO Got Decreasing: The Reasons are

InfoSAWIT, KUALA LUMPUR – Crude palm oil (CPO) trade at Bursa Malaysia Derivatives Exchange got decreasing for the second session in a row on Thursday (31/3/2022), It happened for the decreasing crude oil because United States of America would advantage its crude oil backup while many investors waited export data in March from cargo surveyors.

CPO reference contract at FCPOc3 for June 2022 delivery at Bursa Malaysia Derivatives Exchange got decreasing RM 68, or 1,15%, to be RM 5.862 (US$ 1.395,38) per ton in the early trade.

As quoted from Reuters, the traders waited for cargo surveyors to release export data in March 2022.

Crude oil decreased for more than $ 5 per barrel when it was reported that USA was considering to release about 1 million barrel of crude oil per day from its strategic backup for months to sustain the increasing crude oil.

The decreasing crude oil at the exchange made CPO less interesting as the option to be the material of biodiesel.

Dalian active soybean contract, DBYcv1 increased 0,6%, while CPO contract, DCPcv1 decreased 0,5%. Soybean at Chicago Board of Trade BOcv1 decreased 1,1%.

CPO was influenced by the decreasing vegetable oil price because they compete to be part of vegetable oil markets globally. (T2)


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