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A review of Malaysia's palm oil spot market on August 6

 Last Update: 2002-08-08
 Source: Internet
 Author: User

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Introduction: on Tuesday, Malaysia's palm oil spot market rose following the rebound of today's futures market Rainfall in India's soybean producing areas will improve in the next few days, limiting the increase of today's palm oil price CGG's current weather conditions are still the main factor affecting the market It is expected that sufficient rainfall will occur in most parts of India in the next two days Since August 1, India has entered the rainy season CGG crude palm oil: the shipping price in August was 1480 ringgit / ton, up 10 ringgit / ton from Monday, and there was no transaction record in the market CGG refined oil: the price for August shipment of 33 degree palm oil is 405 US dollars / ton, up 2.50 US dollars / ton compared with Monday, FOB price in Malaysia port, 412.50 US dollars / ton for August shipment of 24 degree palm oil, up 2.50 US dollars / ton compared with Monday, and 410 us dollars / ton in September CGG
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