Crude Palm Oil (CPO) Price on the Rotterdam Commodity Exchange Falls to US$940 per Metric Ton (Tuesday, May 16, 2023)

Agus Dwi Darmawan 16/05/2023 09:51 WIB

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Crude Palm Oil (CPO) Price Developments on the Rotterdam Commodity Exchange Over the Last 14 Days (Tuesday, May 16, 2023)

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Crude Palm Oil (CPO) Price on the Rotterdam Commodity Exchange Falls to US$940 per Metric Ton (Tuesday, May 16, 2023)

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Crude Palm Oil (CPO) Price Developments on the Rotterdam Commodity Exchange Over the Last 14 Days (Tuesday, May 16, 2023)

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As of 09.13 WIB this morning, May 16, 2023, the price of CPO on the Rotterdam commodity exchange is US$940 per metric ton. This represents a 5.05% decrease compared to the previous day's closing price of US$990 per metric ton. Today's trading is expected to range between US$940 and US$945 per metric ton.

According to investing.com, the price of CPO on the Rotterdam commodity exchange has fallen by 5.53% in the past week. Compared to 30 days ago, the price is down by 9.18%.

However, over the past year, the price of CPO on the Rotterdam commodity exchange has shown a downward trend. The previous record high reached US$1,770 per metric ton.

From January to May 2023, the price of CPO on the Rotterdam commodity exchange has shown a downward trend, falling by 8.74% compared to the beginning of the year, when it stood at US$1,030 per metric ton.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."