CPO PRICE APRIL 13: Malaysia’s Stock Tumbles, Prices Rise Significantly

The CPO futures contract for June 2016, the most active contracts on Bursa Malaysia, was seen soaring 1.06% to a level of 2,666 ringgit/ton at 09:51 WIB, after opening at 2,667 ringgit/ton.
The Malaysian Palm Oil Board (MPOB) has stated that the reserves of palm oil from the world’s second largest producer have fallen 13.1% to 1.89 million metric tons in March 2016 compared to the previous month.
Production has increased 17% to 1.22 million tons, and exports have increased 23% to 1.33 million tons.
The CPO futures contract previously closed by weakening for six days in a row since its last strengthening to a level of 2,770 on 4 April.
Price Movement of the June 2016 CPO Contract



Date
Level
Change


13/4/2016 (09:51 WIB)
2,666
+1.06%


12/4/2016
2,638
-1.09%


11/4/2016
2,667
-0.49%


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%



Source: Bloomberg
Editor: Bunga Citra Arum Nursyifani
http://market.bisnis.com/read/20160413/94/537432/harga-cpo-13-april-cadangan-malaysia-turun-harga-naik-signifikan