KPB Nusantara, the joint marketing office of state plantations, sold CPO packages at Rp7564 per Kg Friday or around US$558 per ton. That means the commodity has jumped 33% from its bottom in Jakarta’s physical market. The average spot month settlement price of CPO (FCPO) for February 2016, meanwhile, is RM2483/ton on Bursa Malaysia Derivatives, an increase of 9.3% year-on-year.To subscribe please click here
