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Global CPO prices continue to drop

  • i2Matrix
  • 10 July 2019
 
JAKARTA - The price of the world's crude palm oil / CPO continues to decline. This condition has occurred since the last few years. 
 
Based on the records, the current world CPO price is only in the range of US $ 500 per Metric Ton (MT). Even though in January 2017, the world CPO price was still more than US $ 800 per MT. 
 
The worst conditions occurred in November and December 2018 ago. In the two-month period, world CPO prices were even at the lowest level, which was below US $ 500 per MT. 
 
Chairman of the Indonesian Palm Oil Farmers Association (Apkasindo) Board of Trustees, Moeldoko Moeldoko said, the continued drop in world CPO prices is one of the problems and challenges for Indonesia, as the world's largest palm oil producer. 
 
"One of the external challenges of the palm oil sector, namely the trend of CPO prices that continue to fall. From January 2017 the price of CPO is still more than US $ 800 per MT, and in May 2019 it has dropped to US $ 500 per MT, "Moeldoko said in the inauguration of the Apkasindo DPP Board of Management for the period 2019-2024 in Jakarta, Tuesday (07/09/2019). 
 
(Translated with Google Translate from https://metropekanbaru.com/harga-cpo-dunia-terus-anjlok/)  
 
-- Metro Pekanbaru 
 
 
 
 
 
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