The Palm Scribe

Supply issue may hinder CPO price

Bisnis Indonesia, 6 November 2018

Crude palm oil (CPO) price is decreasing over concerns about rising supply from Indonesia. Okachi (Malaysia) Sales Manager Marcello Cultrera said domestic derivatives exchange has begun raising CPO price due to challenges from Indonesia’s vegetable oil in Malaysia. He said investors are currently observing Indonesia’s CPO supply and demand data in September and comparing them with Malaysia’s data in October. The benchmark palm oil contract in Malaysia Derivative Exchange (MDE) was down 31 points or 1.44% to 2,122 ringgit per metric ton on Monday (November 5).

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