Palm oil daily price 6 October

Palm Oil Analytics - Palm futures struggled to trim losses in the second half but eventually crawled into the black aided by some bargain buying and active cash market deals. Declining cash prices prompted traders to jump in and get olein and CPO deals finalised. A total of five olein deals were heard on FOB Malaysia and three on CPO on CNF India basis. Active Dec month contract traded 3632-3563 or up 25 and down 44 points eventually closing down 6 points or at the support level of 3600. Palm futures active month contract erased all of the weekly gains and more from prior week. The active month contract ditched RM439 or $93 from the start of Sept when prices were last at RM4000 levels. Rising Sept palm production, heavy sell-off in bean and sun oil plus some panic selling ahead of MPOA and MPOB data kept trading dynamics on the tenterhooks.

Palm Oil Price Mid Day Market FOB Malaysian Ports CPO 767 USD

Crude Palm Oil CIF Rotterdam 897.50 USD

Crude Palm Oil Futures FCPO 3601 MYR