30 Nov 2015
The February 2016 CPO futures contract, the most active contract on Bursa Malaysia, opened 0.64 percent lower at RM2,347 or Rp7.62 million per ton.
However, the CPO price continued to rise after the opening. As of 10:13 WIB, the contract was traded down 0.25 percent to RM2,356 per ton.
The potential demand for biodiesel from Indonesia last week pushed up the CPO price by 3.14 percent or the highest price increase since the 2nd week of October. .
Sentiments that could influence trading today include Malaysian export data and exchange rate movements.
Intertek projects that Malaysian exports will decline by 10.1 percent from 1.5 million tons in September to 1.34 million tons in October.
The Rupiah and the Ringgit continue to depreciate in the spot market. The Rupiah weakened by 30 points to $13,831 per US dollar at 10:35 WIB, while the Ringgit fell by 0.22 percent to 4.2634 per US dollar.
February 2015 CPO Futures Contract Price Movement
| Date | Level | Change |
| 11/30/2015(10:13 WIB) | 2,356 | -0.25% |
| 11/27/2015 | 2,362 | +0.90% |
| 11/26/2015 | 2,341 | +1.87% |
| 11/25/2015 | 2,298 | +1.01% |
| 11/24/2015 | 2,275 | +0.31% |
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