ADVERTISEMENT

CPO prices likely to remain weak, says Fitch


Fitch said CPO prices were down 20% so far this year, as production growth was robust and import demand lacklustre which boosted stocks.

Fitch said CPO prices were down 20% so far this year, as production growth was robust and import demand lacklustre which boosted stocks.

PETALING JAYA: Crude palm oil (CPO) prices will remain weak in the coming months, trading close to RM2,000 a tonne, according to Fitch Solutions Macro Research.

It said CPO prices were down 20% so far this year, as production growth was robust and import demand lacklustre which boosted stocks.

   

ADVERTISEMENT