MPOB data shows that the palm oil inventory in Malaysia at the end of September was 2.361 million tons, an increase of 7.20% compared to the previous month. The crude palm oil production in September was 1.841 million tons, a decrease of 0.73% compared to the previous month. The export volume of palm oil in September was 1.428 million tons, an increase of 7.69% compared to the previous month.
On October 13th, the benchmark price of palm oil in SunSirs was 9,504.00 RMB/ton, an increase of 3.01% compared to the beginning of this month (9,226.00 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.
