Average CPO price now seen at RM2,400

The government will draw up new strategies and approaches to combat the anti-palm oil campaign by the European Union (EU) which give negative perceptions of the palm oil industry in this country.

PETALING JAYA: MIDF Research has lowered its average crude palm oil (CPO) price forecast to RM2,400 per tonne for this year.

This was after factoring in lower soybean oil price and higher palm oil inventory, the research unit said in its latest report.