The average spot month settlement price of crude palm oil (CPO) peaked at RM2855/ton in March 2014. Since then, the commodity continued to decline to RM2671/ton for April. Settlement price for July 2014 contracts ended higher by RM12 to RM2590 Monday, but stronger output in both Malaysia and Indonesia might lead to further corrections. Our research point to an average 23.5% growth in CPO output last month.
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