CPO prices seen to remain stable

CIMB Investment Bank’s regional head of plantation research Ivy Ng (file pic) told StarBiz that excluding potential impact on demand from speculation of the boycott, CPO prices should recover next year, averaging at around RM2,300 per tonne.

PETALING JAYA: Crude palm oil (CPO) prices are expected to remain stable, at least until the first half of next year, pending any official announcements from India.

Sources said the offtake of Malaysian palm oil was still stable and with demand still exceeding supply, CPO prices would still be holding steady.