InfoSAWIT, KUALA LUMPUR – Crude palm oil (CPO) contract price at Malaysia Derivatives Exchange increased for the second session on Wednesday (27/12/2023). It happened for other vegetable oils got more expensive though trade volume was low and burdened the markets.
As quoted from Reuters, CPO contract price with the code FCPOc3 for March 2024 delivery at Malaysia Derivatives Exchange got more expensive RM 19 per ton or about 0,50% to be RM 3.782 (US$ 816,85) per ton in the midday.
A trader in Kuala Lumpur said, CPO was offered at about RM 3.775 to 3.785 because of there was no much activity and some traders were still having holidays.
Soyoil contract price at Dalian with the code DBYcv1 increased 1,05%, CPO contract price with the code DCPcv1 did too 1,09 %. Soyoil price at Chicago Board of Trade BOcv1 also increased 0,19%.
CPO has something to do with other vegetable oils because they compete to get part of vegetable oil trade globally. (T2)
