Depreciation of Malaysian Ringgit Continues, CPO Price Is More Powerful

By : Abraham Sihombing And Aldo Bella Putra | Thursday, March 01 2018 - 21:00 IWST

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

INDUSTRY.co.id - Jakarta - The price of crude palm oil (CPO) for May 2018 at Malaysia Derivatives Exchange increased 0.2% to RM2,547 or equivalent to US $ 649.25 per ton. Technically, CPO price moves in the range of RM2.537-2.562 per ton.

"The price of CPO rose slightly in early trading this Thursday which is the beginning of March 2018 as sustained by the depreciation of Malaysian Ringgit (RM). The weakening of the Malaysian currency has boosted transaction volume, especially by foreign buyers," said PT Monex Investindo Futures research team in Jakarta on Thursday (01/03/2018).

Previously, CPO price movements followed other vegetable oil price movements amid meetings planned from cargo surveyors and industry conferences next week, where leading analysts are scheduled to discuss global vegetable oil price developments. (Abraham Sihombing)

News Comment

Today's Industry

World Bank Group (Images by ITU)

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…

Synopsys, Inc. (Images by PR Newswire)

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…

Line Security Bug Bounty Program (Images by LINE Corporation)

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…

Check Point Software Technologies (Images by Acclaim)

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…

CloudGuard SaaS (Images by Check Point Software)

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…