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.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

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


Next In Business News

BOJ set to keep ultra-low rates, may signal inflation overshoot
Gold on track for weekly gain on Fed rate pause optimism
MBI, PETRONAS ink MoU on proposed power plant, terminal maintenance
Asia shares lifted by Fed pause bets; China real estate retreats
Northport anticipates better 2H results, boosting capacity - CEO
IPI in April 2023 declined 3.3%
Manufacturing sales value declined to RM145bil in April
Mild gains on Bursa as odds turn in favour of Fed rate pause
EPF registers higher investment income of RM15.16bil in 1Q23
RAM Ratings maintains stable outlook on insurance, takaful sector

Others Also Read