CPO to trade at RM1,900-RM2,200

PETALING JAYA: Crude palm oil (CPO) is expected to trade between RM1,900 and RM2,200 per tonne this month as rising optimism on lower stockpile will likely be offset by weaker demand from India following the major edible oil importer’s move to raise the import duty on palm oil by 5%, according to analysts.

The Malaysia Palm Oil Board (MPOB) is expected to release the official August palm oil statistics i.e. stocks, exports and production today.