We can offer information to our customers at any time about current prices for all goods groups we are trading in as well as about current month and a longer period of time in advance.
If customer is not sure about its made production trading possibilities for a longer period of time in advance, or they are waiting for a positive for them change of prices on raw stuff in the nearest future, then we advise them to buy the minimal necessary raw stuff for them only for the nearest future, but if a customer is sure in himself and it is important for him to provide stable, non-changing realization prices for his clients (dealers, distributors) for longer period in advance, then it is important for him to buy the necessary raw stuff at fixed non-changeable prices for a longer period of time in advance. Thus, a producer is protected from unpleasant surprises in case there is an explosion of prices on a market of raw stuff.
Vegetable oil prices are highly dependent on oil seeds and daily oil price changes in world board of trade of raw stuff goods, so the quotation is reviewed every day.
CBOT - Chicago Board of Trade
MPOB – Malaysian Palm Oil Board