The Palm Scribe

CPO price weaken due to oversupply

Bisnis Indonesia, 13 February 2019

The benchmark crude palm oil contract for April delivery at the Malaysia Derivatives Exchange fell 0.53% or 12 points to 2,254 ringgit per metric ton on Tuesday’s (February 12) close. Asia Trade Point Futures analyst Deddy Yusuf Siregar told “Bisnis” on Tuesday (February 12) that the CPO price fell following India’s decision to reduce CPO imports as stocks were abundant. In addition, the sentiments from the US-China trade war forced industry players to be careful in initiating exports.

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