KUALA LUMPUR: The current drought that is affecting production at key palm oil plantation areas and falling inventory will continue to support rising crude palm oil (CPO) prices, according to experts.
The benchmark CPO futures contract on Bursa Derivatives had risen 5.3% this year at yesterday’s close of RM2,801 a tonne, just off its highest level in 17 months.
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
