Palm oil daily price 26 September

MARKET COMMENTARY

CPO

Palm futures ended the day lower by 0.20 to 0.80% across the board after staying stagnant for most of the first session. The most active Dec contract traded 3721-3675 or up 5 and down 41 points . There was lack of fresh positive fundamentals to keep the buying momentum. Futures was pulled higher yesterday on supportive export demand but sentiments shifted, after production data from MPOA showed a strong rise for the third successive month fueling the already bloated stocks at 7 months high. Palm prices has lost 364 points on the active month contract from the start of Sept weighed by losses in sunflower oil, rising palm supply in Malaysia, a slowdown in exports and a general malaise in the financial markets from higher and longer interest rates.

SPPOMA 1-25 Sept production fell 2.50% but this was no trigger to sustain
higher prices. Next: Indonesia July GAPKI data.

Crude Palm Oil FOB Malaysian Ports CPO 787

Crude Palm Oil CIF Rotterdam 945 USD

Crude Palm Oil Futures FCPO 3683 MYR