Malaysian CPO Price Predicted Will Be Supported by Soybean Oil Price Increase

By : Abraham Sihombing And Aldo Bella Putra | Monday, February 26 2018 - 20:00 IWST

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

INDUSTRY.co.id - Jakarta - The price of crude palm oil (CPO) is expected to continue the increase that has occurred since Friday (23/02/2018) last week. CPO price is potential to touch the position of RM2.572 per ton on Monday (26/02/2018). CPO price is expected to move in the range of RM2.510-2.572 per ton.

"The price of CPO up to now still gets negative sentiment due to reduced demand and lower production decline than expected. However, soybean oil price hikes also lifted the price of CPO and possibly will continue until the end of today's trading, "said the research team of Research Department of PT Monex Investindo Futures, in Jakarta, Monday (26/02/2018).

According to the team of analysts, Malaysia's CPO production rate was reported down 6.4% over the period 1 to 20 February 2018 compared to the same period in the previous month. The decline was well below market expectations expecting a double-digit decline.

Meanwhile, soybean oil prices rebounded on Monday (26/02/18), tracking soybean prices near the highest level in the past year due to concerns about crop failures in Argentina due to drought. (Abraham Sihombing)

News Comment

Today's Industry

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…

Listrik Ilustrasi

Senin, 08 Oktober 2018 - 02:00 WIB

Electrical System in Central Sulawesi is 75% Normal

Jakarta - Electricity, telecommunications, roads, airports and fuel supply (BBM) infrastructure have begun to recover in areas affected by the earthquake in Central Sulawesi. Assistance from…