Overview of Malaysia's Palm Oil Spot Market
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Last Update: 2002-08-06
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Source: Internet
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Author: User
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Introduction: Kuala Lumpur, August 2 news Kuala Lumpur, August 2 news: on Friday, most of Malaysia's palm oil spot prices fell Buying was light ahead of the weekend, and sentiment was also affected by the fall in Malaysian palm oil futures prices Traders say that's how unpredictable the weather is More and more people think that the futures market will face an adjustment If the main soybean producing areas in India and the United States resume rainfall, the adjustment of futures will be inevitable RPP Malaysian crude palm oil for August shipment was quoted at rm1505 per ton (US $1 = RM3.80) on Friday, down RM15 for delivery to southern Malaysia No deal has been reported In August, the price of 33 degree refined palm oil was $410 per ton, down $2.50, FOB Malaysia port price; in August, the price of 24 degree refined palm oil was $417.50 per ton, down $2.50, FOB price The 24 degree refined palm oil shipped in August was traded at $417.50 per ton RPp
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