Palm oil prices seen stable above RM4,000/tonne in October, says MPOC

KUALA LUMPUR: Palm oil prices are expected to remain stable above RM4,000 per metric ton in October despite ongoing uncertainty in the market, state agency Malaysian Palm Oil Council (MPOC) said on Tuesday.

The MPOC said a sharp decline in palm oil inventories in Malaysia would keep prices high, however, weak energy prices, a supply surplus of soybean oil and palm oil's price premium over soft oils may cap the rally.

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Palm oil , MPOC , crude palm oil , CPO

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  • SymbolOpenHighLowLastChg%ChgVol ('00)
    HSI-PWD1 0.185 0.220 0.185 0.220 0.04525.712,472,364
    HSI-CWEO 0.155 0.160 0.140 0.145 -0.025-14.711,916,923
    HSI-CWEJ 0.185 0.185 0.155 0.155 -0.045-22.501,270,463
    HSI-PWFM 0.130 0.145 0.130 0.145 -0.005-3.331,195,500
    HSI-CWCY 0.180 0.190 0.150 0.155 -0.055-26.191,009,419
    HSI-PWFJ 0.195 0.215 0.190 0.210 0.03016.67855,172
    HSI-PWD7 0.210 0.250 0.210 0.250 0.05025.00766,414
    XIAOMI-C36 0.230 0.230 0.215 0.215 -0.040-15.69544,700
    YTL-C1F 0.035 0.040 0.035 0.035 0.00516.67475,487
    EAH 0.005 0.005 0.005 0.005 0.0000.00465,288
    HSI-CWED 0.120 0.120 0.095 0.100 -0.030-23.08464,282
    HSI-CWCM 0.190 0.195 0.140 0.145 -0.070-32.56447,400
    DENGKIL 0.250 0.250 0.225 0.230 -0.020-8.00389,559
    SG 0.010 0.010 0.005 0.010 -0.005-33.33388,749
    BORNOIL 0.010 0.010 0.005 0.010 0.0000.00388,095

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