Indonesian palm oil spot price rose sharply on August 15
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Last Update: 2002-08-16
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Source: Internet
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Author: User
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Introduction: Indonesia's palm oil spot price rose sharply on Thursday, and the semi monthly auction held today gave strong support to the market In Jakarta, 24 degree palm oil on demand was quoted at INR 4150 / kg (US $1 = INR 8830), up INR 75 / kg from Wednesday, for local delivery A4H the government sold all 8000 tons of crude palm oil at a fortnightly auction today for 3718 rupees per kilogram A4H according to auction officials, today's auction price is 70 rupees / kg higher than the average auction price on Tuesday, mainly due to the increase of Malaysian palm oil price A4H earlier today a private company auctioned 1000 tons of crude palm oil for 3685 rupees per kilogram, delivered locally in Mindanao.
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