Maybank sees CPO price rising to RM2,700

Asian share markets faced a testing time on Monday after Wall Street suffered its worst starting week in history and doubts over Beijing's policy choices sent investors into the arms of the safe-haven yen and sovereign bonds.

PETALING JAYA: Crude palm oil (CPO) could trend higher in early 2016 and peak sometime in March to May 2016 with the possibility of hitting RM2,700 per tonne, according to Maybank Investment Bank research.

The research house, however, was cautious about the commodity’s price towards August 2016, anticipating sharp CPO price correction in view of seasonally peak CPO output period.