MPOB PALM OIL PRICES (RM/MT) : FEB 6

MOHD NIZAMUDDIN RAHIM
 MPOB PALM OIL PRICES – FEB 6, 2020 (RM/MT)
  FEB MAR APR
  CPO DELD                 2,829.00 NT NT
  PK EX-MILL NT NT NT
  CPKO DELD                3,394.50 NT NT
  RBD P. OIL (FOB) NT NT NT
  RBD P. OLEIN (FOB) NT NT 2,873.50
  RBD P. STEARIN (FOB)       NT NT NT
 Note : Preliminary. NT – No Transaction
 Actual In Homepage

LOCAL MALAYSIA CPO PRICE TRADED FIRM BOOSTED BY EXPECTATIONS OF A LOWER CPO PRODUCTION AND STRONGER SOYABEAN OIL PRICES ON THE U.S. CHICAGO BOARD OF TRADE (CBOT) AND CHINA’S DALIAN COMMODITY EXCHANGE. PALM OIL IS AFFECTED BY SOYABEAN OIL PRICE MOVEMENTS AS THEY COMPETE FOR A GLOBAL VEGETABLE OIL MARKET SHARE. CPO DELIVERY PRICES TRADED BETWEEN RM2,794.50/TONNE AND RM2,900.00/TONNE.

-- BERNAMA