CPO rally: A worker unloads palm fruit bunches from a lorry at a mill in Bahau. The rally in CPO prices is reportedly driven by fears of a supply crunch, owing to lower output growth and rising biodiesel mandates. — Reuters
PETALING JAYA: Crude palm oil (CPO) prices ended the year 2019 on a high note, with third-month CPO futures closing at RM3,046 per tonne.
Prices had finally breached the RM3,000-per-tonne mark last week after languishing at relatively low levels during the first half of the year.
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