CPO prices are expected to rise given the slowdown in global production growth along with robust consumption driven by Malaysia and Indonesia’s biodiesel development policy.
PETALING JAYA: Crude palm oil (CPO) prices will remain supported around the current level of RM2,150 per tonne although prices are expected to average slightly higher at RM2,300 per tonne next year, according to Fitch Solutions Macro Research.
CPO prices are expected to rise given the slowdown in global production growth along with robust consumption driven by Malaysia and Indonesia’s biodiesel development policy.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
