Nomura Holdings Inc said in a report that prices, which had hit a six-year low in August and trading at a wide discount to soybean oil, could start increasing gradually to RM2,300 per tonne over the next three months.
PETALING JAYA: The price of crude palm oil (CPO), currently 12% down, is expected to recover gradually on expectations of lower production due to the dry weather conditions brought on by the El Nino weather phenomenon.
Nomura Holdings Inc said in a report that prices, which had hit a six-year low in August and trading at a wide discount to soybean oil, could start increasing gradually to RM2,300 per tonne over the next three months.
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