Indonesia Palm Oil Spot Market Overview for November 11
Indonesia Palm Oil Spot Market Overview for November 11
(Agricultural Wealth Network) On November 11, spot market prices for palm oil in Indonesia were basically stable, while the crude palm oil market on the Malaysia Derivatives Exchange (BMD) weakened, continuing to weigh on market sentiment. The transaction price for crude palm oil in Medan was 6,575-6,595 Indonesian rupiah per kg, compared with 6,472-6,549 Indonesian rupiah on November 10. The quote for 24-degree refined palm oil was 6,500 Indonesian rupiah per kg, unchanged from November 10.