Headwinds aplenty for palm oil

Weak demand: The price of CPO has fallen by about 14 year-to-date and it is trading at RM2,147 per tonne. Inventory has swelled 43 to 2.19 million tonnes as of end-June.

CPO market besieged by rising stockpile, oversupply and weak exports

THE resilience of the plantation sector is being put to the test by a series of bearish factors, which has seen crude palm oil (CPO) prices heading south in recent weeks.