Summary of Indonesian Palm Oil spot Market on November 16th

On November 16th, Indonesian palm oil spot market prices rose and fell steadily, mainly due to the strength of the crude palm oil market of Malaysia Derivatives Exchange (BMD). Medan crude palm oil was quoted at 6659-6899 rupiah per kilogram, compared with 6465-6655 rupiah on Friday, but there was no deal because the buyer's offer was too low. 24 degrees refined palm oil is quoted at 6400 rupiah per kilogram, compared with 6500 rupiah on Friday.