Reference prices for crude palm oil (CPO) is set at US$578.34 per ton for November 2018, down 3.98% or US$24 from US$602.34 per ton set for October 2018. CPO prices declined in the past few months, and contracts for most part of 2019 were also settled way below this year’s average in the same period, weighed mostly by strong harvest of soybean, trade wars between USA and China, and high stock in Indonesia and Malaysia.
