KPB Nusantara, the joint marketing office of state plantations, sold 11 out of 12 CPO packages (13,000 tons) auctioned off Tuesday (Aug 5) at Rp8815-8975/Kg (VAT 10% included). The benchmark October 2014 contracts of CPO on Bursa Malaysia Derivatives, meanwhile, settled further down to RM2258 per ton. The commodity has dropped almost 20% from its peak this year.
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