MPOA: New factors may hit CPO price

THE current bullishness in the price of crude palm oil (CPO) will be somewhat affected by the middle of this year following emerging “dampening” factors, particularly on the international front, according to Malaysian Palm Oil Association (MPOA) chief executive M.R. Chandran. 

Based on the latest feedback from international edible oil players, Chandran said: “There are growing concerns over the possibility of higher soya bean production in the US and Brazil, India slashing its palm oil exports while economically troubled Indonesia will likely increase its palm oil exports this year.”