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Four 25-metric-ton lots of physical crude palm oil traded at 11,305 rupiah per kg as Indonesia's ICDX exchange opened. The shipments are for delivery to Dumai, Sumatra, in 15 days.
The first physical trades on the new Indonesian exchange give an early local price benchmark, but volumes are small and the effect on global palm prices is limited for now.
reuters.comOct 20, 2023After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
