CPO price has slumped by almost 26% year-to-date with the benchmark CPO futures contract trading at RM2,247 per tonne currently.
PETALING JAYA: Analysts expect crude palm oil (CPO) prices to average between RM2,200 and RM2,450 per tonne this year as supply will likely exceed demand given the Covid-19 led disruptions affecting major export markets.
CPO price has slumped by almost 26% year-to-date with the benchmark CPO futures contract trading at RM2,247 per tonne currently.
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