Decrease in Reserves Potential to Increase Malaysian CPO Price Increase

By : Abraham Sihombing And Aldo Bella Putra | Tuesday, February 13 2018 - 21:30 IWST

Kebun Kelapa Sawit (Ist)
Kebun Kelapa Sawit (Ist)

INDUSTRY.co.id - Jakarta - The price of crude palm oil (CPO) is estimated to move in the range of RM2.515-2.585 per ton and tend to strengthen in trading Tuesday (13/02/2018).

"The increase in CPO price is expected to continue in today's trading due to the emergence of the published outlook Malaysian Palm Oil Board (MPOB) which reported a decrease in reserves in January 2018 amounted to 5.72% to 1.57 million tons compared to the previous month," said the analysis commodity exchanges of PT Monex Investindo Futures, Tuesday (13/02/2018).

The outlook also informed that CPO production in January 2018 fell 13.49 percent to 1.59 million tons compared to the previous month's production of 1.83 million tons. Meanwhile, in the same period, Malaysia's CPO export grew by 6.01%.

Meanwhile, Surveyor Intertek Testing Services reported Malaysian CPO exports on 1-10 February 2018 rose 14.7% to 412,207 tons, compared to the same period in January 2018 of 359,580 tons. (Abraham Sihombing)

News Comment

Today's Industry

Application-based transportation provider, Grab Indonesia (Foto Ist)

Jumat, 19 Oktober 2018 - 11:43 WIB

SoftBank Case, Lippo Bribes Question Grab Business amid Blood Money Swirl

Two major cases which have now charged Grab investors, namely SoftBank and Lippo Group, are expected to threaten the online transportion operator's business credibility.

Grab (Ist)

Kamis, 11 Oktober 2018 - 12:36 WIB

Women Activists Criticize GRAB Indonesia on Victims Harassment Mediation

A number of women activists express their anger and regret at the GRAB Indonesia. The Malaysian applicator response to bring together between a driver partner who is allegedly harassed his passengers…

Panen Padi (Foto Dok Industry.co.id)

Senin, 08 Oktober 2018 - 03:30 WIB

Banten Lebak Farmers Harvest 55,622 Tons of Dry Grain

Lebak-Petani in Lebak Regency, Banten, during September 2018 harvests rice in an area of ​​9,347 hectares of paddy fields with a production of 55,622 tons of dried pungut (GKP) grain.

Bawang Merah (Ist)

Senin, 08 Oktober 2018 - 03:00 WIB

Kelompok Tani Sengingi Riau Panen Bawang Merah

Kuantan Singing - Beken Jaya Benai Farmer Group in Kuantan Singingi Regency, Riau Province harvesting shallots up to tens of tons managed on a quarter hectare of land, the results can improve…

Senin, 08 Oktober 2018 - 02:30 WIB

PT Pertamina Lubricants Wins Two TOP CSR 2018 Awards

Jakarta - PT Pertamina Lubricants managed to bring home two awards at the TOP CSR 2018 TOP CSR category on Lubricants Business, namely for the Corporate Social Responsibility (CSR) Enduro Student…