Overview of Malaysia's Palm Oil Spot Market
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Last Update: 2002-08-20
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Source: Internet
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Author: User
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Introduction: Dow Jones Kuala Lumpur Aug 16 Dow Jones Kuala Lumpur Aug 16 news: on Friday, the Malaysian palm oil spot market was affected by the sharp rise of Chicago soybean oil and mdex crude palm oil futures prices, and the prices of most varieties rose Dealers said that the market was quite strong, and sellers' prices were high, but buyers were still afraid of heights, limiting the price increase The sharp rise of CBOT soybean oil and the bullish technical figures of mdex crude palm oil market will continue to support the spot price Malaysian crude palm oil for August shipment was quoted at rm1515 (US $1 = RM3.80) per ton on Friday, up RM15 for delivery to southern Malaysia In August there was a transaction of rm1510 per ton and in September there was a transaction of rm1515 per ton In August, the price of 33 degree refined palm oil was $415 per ton, up $2.50, FOB Malaysia port price; in August, the price of 24 degree refined palm oil was $425 per ton, up $2.50, FOB price The 24 degree refined palm oil shipped in September was traded at $425 per ton H3b
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