United Plantations Bhd vice-chairman Carl Bek-Nielsen expects the price of crude palm oil (CPO) to re-test the 1998 and 1999 record levels of RM2,400 to RM2,500 per tonne within the next two to three months.
Spot CPO prices are currently hovering between RM1,950 and RM2,000 per tonne.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!