Planters get apprehensive as CPO prices fall

PLANTERS will likely face tough sales and operational conditions following the drastic fall in crude palm oil (CPO) prices, which had been trading below RM2,300 per tonne level in recent weeks.

The commodity is currently trading at a two-year low of RM2,271 per tonne as the bearish market sentiment continues to be undermined by weak export outlook on the back of high palm oil stocks, rising production and planters’ escalating cost of production.