Commodity Price Watch Indonesia: Crude Palm Oil (CPO)
The strengthening of the crude palm oil (CPO) price continued for the third consecutive trading day on Friday morning (21/07), supported by strong exports and bad weather. CPO futures (October 2017 contract), the most-active contract at Bursa Malaysia, had risen 0.16 percent to 2,580 ringgit per ton by 10:17 am local Jakarta time zone. Earlier in the morning the CPO price opened with a gain after rising 2.02 percent to 2,576 ringgit per ton on Thursday (19/07).