The benchmark December 2020 contracts of crude palm oil (CPO) settled higher by RM48 to RM2,912 per ton in Bursa Malaysia Derivatives Tuesday (Sept 15). Late last week, the commodity advanced to US$745 per ton (CIF) in Rotterdam, Netherlands. While it’s disappointing to see 9.6% decline in export value for palm oil (and derivatives) last month, the country can expect more in the fourth quarter.To subscribe please click here
