InfoSAWIT, KUALA LUMPUR – Crude palm oil (CPO) price at Bursa Malaysia Derivatives Exchange got better for the second session, Tuesday (11/4/2023) for CPO stocks in the country in March 2023 got decreasing from the prediction but the decreasing exports in April postponed the increasing price.

As quoted from Reuters, CPO reference contract with the code FCPOc3 for June 2023 delivery at Bursa Malaysia Derivatives Exchange got better RM 11, or increase about 0,29% to be RM 3.848 (US$ 871,57) per ton during the session.

Official of Coordinator Ministry in Economy said that Indonesia planned to get reference price for levy and tax from the previous, US$ 898,29 per ton.

Data from Malaysia Palm Oil Board (MPOB) showed that CPO stock in Malaysia by the late of March 2023 decreased 21,08% from the previous month to be 1,67 million tons because of the increasing exports heading to Ramadhan.

Based on cargo surveyor, CPO exports in Malaysia on 1 - 10 April decreased between 29% and 35,6% from the same period in March 2023.

Still from Reuters, soyoil contract at Dalian with the code DBYcv1 decreased 0,2%, while CPO contract with the code DCPcv1 increased 1,5%. Soyoil price at Chicago Board of Trade BOcv1 did increase 0,3%. (T2)