KPB Nusantara, the joint marketing office of state plantations, sold most of crude palm oil (CPO) packages at Rp7346 per Kg (net) or around US$560 per ton Tuesday (March 8). In Rotterdam, meanwhile, the commodity was traded at US$665/ton (CIF), the highest level since early July 2015. That means palm oil has gained more than 30% from their respective lows in Jakarta and Rotterdam. To subscribe please click here
