CPO price exceeds RM7,000 following Russian invasion of Ukraine…Palm Oil Malaysia
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February 26, 2022 04:15 am
JOHOR (Feb 26): Like other commodities, crude palm oil (CPO) prices jumped past RM7,000 a tonne for the first time following news that Russia had launched an invasion of Ukraine.
At the close (6pm), the one month March futures contract increased RM587 to RM7,093 a tonne. Meanwhile, CPO futures contracts for April 2022 rose RM533 to settle at RM6,786 a tonne, whereas the benchmark May 2022 contracts went up RM476 to close at RM6,458.
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