Palm oil daily price 5 October

Palm Oil Analytics - CPO futures fell by a whooping 100 points across the board hit by weakness in crude petroleum oil, sharp losses in overnight soybean oil futures on CBOT and from fundamentals of impressive

Sept production set to boost stocks to 2.38-2.41 mil mt. The benchmark CPO futures for Dec traded 3710-3603, just clinging to 3600 support level for now. News of resumption of more trades from the Black Sea further enthused CPO selling as sun and bean oil compete with palm for market share. In the physical markets olein spot offer sank by a drastic $17.50. Indian CPO shipments for Oct on CNF West Coast was offered at $860/mt but buyers refused to consider above $845/mt. Discussions for CPO Oct shipments on FOB Indonesia basis were equally stagnant as offers at $820/mt failed to attract buying. Bearish 1-5 Oct export estimates also dampened palm futures buying, with export s down 15.6%.

Palm Oil Price Mid Day Market FOB Malaysian Ports CPO 773 USD

Crude Palm Oil CIF Rotterdam 895 USD

Crude Palm Oil Futures FCPO 3629 MYR