Analysts said the sharp rally in the CPO price over the past two weeks could have been driven by panic buying due to concerns of a potential palm oil supply shortfall.
PETALING JAYA: Crude palm oil (CPO) futures extended their price rally to breach the RM2,500-per-tonne mark yesterday.
Trading was volatile, with the benchmark CPO futures for January trading from a low of RM2,470 to a high of RM2,514 per tonne, before closing RM11 lower at RM2,485 per tonne.
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