PETALING JAYA: The fortunes of oil palm plantation companies in the second half of this year are uncertain given the volatile crude palm oil (CPO) prices amid escalating domestic palm oil stockpile, which is slated to re-visit the historic high of two million tonnes by year-end.
CPO futures is currently trading at a one-year low at RM2,190 per tonne level while the end-July palm oil stocks stood at 1.68 milion tonnes.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
