CPO prices to average RM2,200 to RM2,400/MT next year - RAM

KUALA LUMPUR: Crude palm oil (CPO) prices are expected to average between RM2,200 and RM2,400 per metric tonne (mt) in 2016 as a slew of favourable developments could help shed some of the record high inventory of the commodity, said RAM Ratings in its outlook report.

The forecast average is a substantial improvement from CPO prices throughout this year. As at October, the average CPO price for this year is RM2,174/mt, according to RAM.