06 Jan 2016
The decline in palm oil trade started with a price of 2,429 ringgits per ton or 7.68 million rupiahs per ton earlier this morning, Wednesday (01/06/2016).
Previously, the price of crude oil closed at 08.04 WIB, i.e. 36.42 dollars per barrel or had weakened to 2.15%. In addition, the price of soybean oil also fell 0.54% to 29.65 dollars per pound at 10.56 WIB.
CPO is still experiencing a decline in derivatives although yesterday (01/05/2016) it had shown strengthening to a level of 2,454 ringgits per ton. The CPO future contract for March 2016, a result of low demand from China in the past two weeks.
Price Movement of CPO Contracts March 2016
Date | Level | Change |
06/01/2016 (10.53) | 2.434 | -0.81% |
05/01/2016 | 2.454 | +0.74% |
04/01/2016 | 2.436 | -1.97% |
31/12/2015 | 2.485 | -0.40% |
30/12/2015 | 2.495 | +0.44% |
http://market.bisnis.com/read/20160106/94/507412/harga-cpo-6-januari-masih-tertekan-di-awal-dagang-menyusul-rendahnya-permintaan
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