Palm oil daily price 4 October

29 September Palm Oil Analytics - Palm futures deflated towards close finishing the day lower by 5 points on the most liquid contract after trading to 3 weeks high of 3842 or plus 71 points. Higher Sept export data and friendly price outlook from GlobOil conference helped to push prices higher in the second half but traders turned cautious ahead of the Sept supply and demand estimate due next week, widely expected to be bearish but the sentiments and the expected data are well priced-in. Sept stocks are projected to see a sharp rise at the back of a faster rise in production and elevated starting stocks. Actual data is due on 10 Oct. China is closed for a week for the Mid-Autumn and National Day holidays leaving little clue from bean and rape-seed oil futures in Asia. Malaysia Sept exports are estimated to rise by 12%. Indonesia 1-16 CPO reference price was set $827.37/mt. Levy and taxes remain unchanged.

Price Outlook at 4 October

Palm Oil Price Closing Market FOB Malaysian Ports CPO 779 USD

Crude Palm Oil CIF Rotterdam 910 USD

Crude Palm Oil Futures FCPO 3710 MYR