CPO prices to range between RM2,600-RM3,000

KUALA LUMPUR: Malaysian Palm Oil Council CEO Tan Sri Dr Yusof Basiron forecasts the crude palm oil (CPO) price to trade between a range of RM2,600 to RM3,000 per tonne, as market factors in the current drought affect the palm oil industry.

Yusof noted that the palm oil prices would start to trend upwards as inventory had been falling, as other countries had been importing the tropical oil on the cheaper price.