InfoSAWIT, JAKARTA – Crude palm oil (CPO) price at Bursa Malaysia Derivatives Exchange got better on Friday (27/1/2023) because the markets wanted the economic commodity but CPO price could not solve the weekly loss for being cheaper in the past week. This also happened for the exports decreased, including ringgit currency that got better.

As quoted from Reuters, CPO reference contract at FCPOc3 for April 2023 delivery at Bursa Malaysia Derivatives Exchange got better 0,93% to be RM 3.816 (US$ 902,98) per ton in the session after it increased 0,75% in the previous days. In this week, CPO contract decreased about 2,52%.

Cargo surveyor, Societe Generale de Surveillance reported that Malaysia’s palm oil exports on 1 - 25 January 2023 decreased 28,4% to be 876.193 tons from the same period in the previous month. Malaysian Palm Oil Board (MPOB) informed that the Government of Malaysia also maintained export levy in February 2023 for CPO - 8% and escalate the reference price

Soyoil price at Chicago Board of Trade BOc2 decreased 0,18%, though in the previous day it was rebound 0,40%. The market at Dalian is closed this week for Chinese New Year. (T2)