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24 May 2016

CPO PRICE MAY 24: Moved Positively, Up 0.80% At The Start Of Trading

CPO PRICE MAY 24: Moved Positively, Up 0.80% At The Start Of Trading


CPO futures for August 2016, the most active contract on Bursa Malaysia, opened with a gain of 0.72% or 18 points at 2,510 ringgit per tonne.

The commodity's price then rose 0.80% or 20 points to 2,512 ringgit per tonne at 10.02 WIB.

In trading on Monday (23/5/2016), the price of CPO closed down 1.42% or 36 points to 2,492 ringgit per tonne, after opening in the red zone.

The increase in the price of palm oil in early trading today is in line with the sluggish performance of the Malaysian currency. The ringgit exchange rate was seen to depreciate 0.73% to 4.11 ringgit per US dollar, after opening with negative movement.

CPO Price Movements for August 2016 Contract




































Date



Level



Change


24/5/2016
(10.02 WIB)
2.512
+0.80%

23/5/2016



2.492



-1.42%



20/5/2016



2.528



+0.36%



19/5/2016



2.519



-1.64%



18/5/2016



2.561



-1.50%



Source: Bloomberg

http://market.bisnis.com/read/20160524/94/550713/harga-cpo-24-mei-bergerak-positif-naik-080-di-awal-dagang

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