Maybank sees CPO price rising to RM2,700


  • Business
  • Wednesday, 13 Jan 2016

Asian share markets faced a testing time on Monday after Wall Street suffered its worst starting week in history and doubts over Beijing's policy choices sent investors into the arms of the safe-haven yen and sovereign bonds.

PETALING JAYA: Crude palm oil (CPO) could trend higher in early 2016 and peak sometime in March to May 2016 with the possibility of hitting RM2,700 per tonne, according to Maybank Investment Bank research.

The research house, however, was cautious about the commodity’s price towards August 2016, anticipating sharp CPO price correction in view of seasonally peak CPO output period.

Start your ads-free experience now!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Business , CPO , palm oil , oil palm , commodities , plantations , klci , klse ,

   

Next In Business News

Stocks bask in Nvidia glow, dollar steady
KLK subsidiary ends contract with recruitment agency
Eco World International's sales on track
Bursa Malaysia ends lower on profit-taking
Yinson records net profit of RM203mil in 1Q
Oil steady amid US stock build but war jitters abound
Binastra unit bags RM313.7mil building contract
Huawei, Tencent near deal to exclude WeChat from revenue sharing
IIB inks strategic partnership with TM-Nxera
Matrix Concepts enters 1,000-acre land JV with NS Corp

Others Also Read