Malasia Ringit weakening effect
-KLC in USD averaged $94 Ton below Indonesia CPO in March
-now spread $129 Ton
-CPO dropped $45 Ton in April/KLC in USD lost $67 Ton
-so PalmOil more bearish in Futures than Cash Prices
Malasia Ringit weakening effect
-KLC in USD averaged $94 Ton below Indonesia CPO in March
-now spread $129 Ton
-CPO dropped $45 Ton in April/KLC in USD lost $67 Ton
-so PalmOil more bearish in Futures than Cash Prices