InfoSAWIT, KUALA LUMPUR – Crude palm oil (CPO) price at Bursa Malaysia Derivatives Exchange got better for the third session in a row on Wednesday (2/11/2022) and hit the highest level at the 12th week because of other vegetable oil prices did too because of the concerning stocks in Black Sea.
As quoted from Reuters, CPO reference contract at FCPOc3 for January 2023 delivery at Bursa Malaysia Derivatives Exchange got increasing RM 128 or about 3,02% to be RM 4.361 (US$ 919,85) per ton in the early session since 12 August.
The world must firmly face everything what Russia would do that bothers wheat exports from Ukraine, as President Volodymyr Zelenskiy told, because many ships would export though Moscow postpones its part in the agreement which the United Nations facilitates.
Still from Reuters, soyoil active contract at Bursa Dalian DBYcv1 increased 3,3%, CPO contract at DCPcv1 did increase 2,4%. Soyoil at Chicago Board of Trade BOcv1 increased 1,2%. (T2)
