KUALA LUMPUR: The current drought that is affecting production at key palm oil plantation areas and falling inventory will continue to support rising crude palm oil (CPO) prices, according to experts.
The benchmark CPO futures contract on Bursa Derivatives had risen 5.3% this year at yesterday’s close of RM2,801 a tonne, just off its highest level in 17 months.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
