|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The Palm Kernel Oil Futures (Prices are in RM/tonne)
CRUDE palm oil )CPO futures prices on Bursa Malaysia Derivatives closed higher today, as it is continued tracking the strong crude oil price which soared to a new record of US$146 per barrel. The local futures market which stumbled during the midday session, return to its strong position after receiving a boost from stronger external factors. The benchmark September contract closed higher by RM19 at RM3,635/MT compared to yesterday's closing of RM3,616/MT. The local market took the cue from the stronger Chicago Board of Trade (CBOT). "Our CPO prices discount more than US$300 per tonne compared to soyoil. This situation continued to attract more foreign players into the market. CPO is expected to be traded RM3,700/MT tomorrow. On the physical market, July South was unchanged at yesterday's RM3,650/MT. - OSK Investment Bank Bhd | E-mail : trade.mlk@osk.com.my
Disclaimer : Malaysian Palm Oil Council (MPOC) shall not be liable for any loss or damage caused by the usage of any information obtained from this site. Companies referred to in this website shall not be construed as agents nor as companies recommended by MPOC. |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||