# January 6, 2020 – CPO at Kandla rose | the shortage of CPO was seen in Malaysia and Indonesia along with the rally in soya oil futures in KLCE and Chicago, due to which its price jumped by $ 30 to $ 830 per tonne there. Consequently, CPO at Kandla rose from Rs 5850 to Rs 6000 per qtl. Apart from this, the arrivals

> CPO at Kandla rose from Rs 5,850 to Rs 6,000 per quintal on January 6 as palm oil shortages in Malaysia and Indonesia and a rally in soyoil futures in Kuala Lumpur and Chicago lifted prices by $30 to $830 per tonne. Soybean and mustard arrivals also fell, supporting prices.

- Date: 2020-01-06 · published 2020-01-06T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/55214-january-6-2020-cpo-at-kandla-rose-the-shortage-of-cpo-was-seen-in-malaysia-and
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Tighter palm oil supply and a soyoil rally raise the cost of vegetable oils used in feed. Higher oil prices also support the value of soybean crushing economics.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- mandibhav.com: https://mandibhav.com/cpo-at-kandla-rose/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.