Data released by the Indonesian Palm Oil Association (GAPKI) showed that Indonesia's palm oil inventories stood at 2.568 million tons at the end of July, a 1.5% increase from 2.53 million tons at the end of June. This was primarily due to a combination of a fifth consecutive month of growth in crude palm oil production and a decline in exports.
On September 26th, the benchmark price of palm oil in SunSirs was 9,188.00 RMB/ton, a decrease of 3.61% compared to the beginning of this month (9,532.00 RMB /ton).
Application of SunSirs Benchmark Pricing
Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).
If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.
