JAKARTA – Quoring from Bloomberg, Friday (10/4) at 17.18 p.m., the CPO price for June delivery in June 2015 inMalaysia Derivatives Exchange slightly increased 0,71% to RM 2.135 per metric ton than the price in the day before. But the price kept decreasing 2,5% in last one week.

Based on the Intertek survey, the Malaysian CPO delivery increased 24% to be 324.545 tons in the first 10 (ten) days in April 2015 than the same period in the month before. WhileMalaysian Palm Oil Board mentioned, Malaysian export increased 21% to be 1,18 milllions tons in March 2015  than the export in the previous month.

The stock will keep decreasing until June 2015 reaching less than 1,5 millions tons. This will increase the crude palm oil

Research and Analyst from PT Fortis Asia Futures, Yusuf Siregar said, the increasing CPO price could happen if the government increase the biodiesel policy – (the mixture of CPO to diesel about 15%) which has been started since April 1st, 2015.

“This means that CPO will be increased,” Siregar said as written in Kontan.

While the imports in India is about to increase to the highest level in next three months. This is to anticipate what the distillation will do to increase the buying before Malaysia makes the CPO tax export. Before it, Malaysia did not make export tax since August 2014.(T2)