The benchmark September 2015 contracts of crude palm oil (CPO) declined 0.45% to RM2206 per ton Wednesday (July 22) inline with the falling oil price. CPO contract rose 1.28% to RM2216 Tuesday (July 21). In Jakarta’s physical market, KPB Nusantara, the joint marketing office of state plantations, auctioned seven CPO packages Wednesday at prices of Rp7733 to Rp7868 per Kg (VAT 10% included). Also in this report are First Resources’ acquisition & its June 2015 CPO output and a brief overview of FGV (Felda Global Ventures Holdings Berhad) & its proposed partnership Rajawali Group.To subscribe please click here
