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News
CPO Prices Global Markets And Domestic Sales Drop
2011-07-01
Board of Supervisors Perdangangan Commodity Futures (Bappepti) Ministry of Commerce launched on Tuesday (31/05/2011), that the CPO price has decreased, while the close of trading on MDEX (MalaysiaDerivatives Exchange), Monday (05/30/2011).
"CPO prices decline after the previous trading continues to experience price increases," the release Bappepti, Tuesday (05/31/2011).
CPO price for delivery in June 2011 closed at RM 3513 per tonne price level from the previous price of RM 3544 per tonne.
Meanwhile, in BKDI (BursaKomoditi and Derivatives Indonesia), CPO prices also decreased in price. For delivery in June 2011, prices closed at the level CPOTR closed at Rp 9890 per kg (weakening of Rp 25 per kg).
Further explained CPO prices fluctuated due to price movements tend Soybeans and Corn. World grain production threatened bad weather, from droughts in China and Europe to excessive damp weather in the U.S. and Canada.
"CPO prices decline after the previous trading continues to experience price increases," the release Bappepti, Tuesday (05/31/2011).
CPO price for delivery in June 2011 closed at RM 3513 per tonne price level from the previous price of RM 3544 per tonne.
Meanwhile, in BKDI (BursaKomoditi and Derivatives Indonesia), CPO prices also decreased in price. For delivery in June 2011, prices closed at the level CPOTR closed at Rp 9890 per kg (weakening of Rp 25 per kg).
Further explained CPO prices fluctuated due to price movements tend Soybeans and Corn. World grain production threatened bad weather, from droughts in China and Europe to excessive damp weather in the U.S. and Canada.
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