12 Apr 2016
The June 2016 CPO futures contract, the most active contract on Bursa Malaysia, opened down by 0.26% to MYR2,673 per ton this morning. The commodity price had earlier improved by 0.63% to MYR2,697 per ton at 10:02 a.m. WIB.
However, at 2:02 p.m. WIB, the CPO price fell again by 0.67% to MYR2,662 per ton.
The Malaysian Palm Oil Board (MPOB) announced that the second-largest palm oil producer's palm oil stock fell 13.1% to 1.89 million metric tons in March 2016 as compared to the previous month. Production increased by 17% to 1.22 million tons, and exports by 23% to 1.33 million tons.
The CPO futures contract had previously closed with a loss for four consecutive days since the latest gain to 2,770 on 4 April.
Price Movement of the June 2016 CPO Contract
Date | Level | Change |
| 11/4/2016(2:02 p.m. WIB) | 2.622 | -0.67% |
8/4/2016 | 2.680 | -1.11% |
7/4/2016 | 2.710 | -0.44% |
6/4/2016 | 2.722 | -1.23% |
5/4/2016 | 2.756 | -0.51% |
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