Thinning Stocks, Crude Palm Oil Price Drop on Global Market
By : Hariyanto And Aldo Bella Putra | Monday, November 13 2017 - 21:30 IWST
kelapa sawit (ilustrasi)
Related News
Export Duty Abolition Plans Encourage Malaysia CPO Price Increase
Excess Supply in Market, Malaysian CPO Price Still Continues Suppressed
INDUSTRY.co.id - Jakarta - Crude palm oil (CPO) stockpiles in Indonesia and Malaysia are increasingly thinning bring a positive impact on palm oil prices in the global market. Throughout September 2017, global CPO daily prices moved in the range of US $ 687.5 US dollars-US $ 760 per metric ton, at an average price of US $ 724.9 per metric ton.
"This average price increased 7 percent compared to the previous month which is 676 US dollars per metric ton," said Togar Sitanggang Secretary General GAPKI in an official statement on Saturday (11/11/2017).
CPO market outlook is expected to continue to rise as soybean production in August is still declining due to dry weather conditions in South America and high rainfall in Brazil. Such weather conditions interfere with soybean yields.
In order to meet the global market demand, domestic oil stocks are suppressed so there is no significant increase. Stock in September was recorded 2.92 million tons, up 8.5% compared to August of 2.69 million tons. (SI)
Today's Industry
Kamis, 05 Maret 2020 - 07:23 WIB
World Bank Group Announces Up to $12 Billion Immediate Support for Covid-19 Country Response
As Covid-19 reaches more than 60 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries coping with the health and…
Rabu, 04 Maret 2020 - 16:57 WIB
Better IoT Security Depends on Changes in Culture, habits
Ironically enough, the good news about the atrocious security of Internet of Things (IoT) devices might be that the bad news is getting a higher profile.Stories about security cameras getting…
Rabu, 04 Maret 2020 - 16:47 WIB
LINE Security Bug Bounty Program Report 2019
In late 2018 through early 2019, we began investigating the potential benefits of moving our program to HackerOne. After careful consideration, we concluded that we could likely improve the…
Rabu, 04 Maret 2020 - 16:34 WIB
Check Point’s Hits Major Milestone as 100th Academic Institution Joins the Global Education
Check Point Software Technologies Ltd. NASDAQ: CHKP, a leading provider of cyber security solutions globally, has today announced that its Check Point SecureAcademy education initiative reached…
Kamis, 27 Februari 2020 - 14:08 WIB
Why are we still talking about email security?
with the rapid adoption of the internet and then the mobile internet, the email security market matured as enterprises understood that accessing proprietary information via the network exposed…
Industri Populer
Magazine
CAREER
News Comment