PETALING JAYA: Crude palm oil (CPO) prices are expected to remain range-bound in the near term at RM1,900-RM2,300 per tonne as the market digests the record US soybean supplies, higher palm oil supplies and lower crude oil prices, according to CIMB Research.
CIMB Research said the revised price forecasts assumed fourth quarter CPO prices to average RM2,200 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!
