PETALING JAYA: With sentiment turning increasingly positive, crude palm oil (CPO) is on its way to reaching the initial price target of RM3,000 per tonne before the end of 2020, as forecast last year, says the Malaysian Palm Oil Board (MPOB).
Director-general Dr Ahmad Parveez Ghulam Kadir said the demand for the commodity is slowly recovering, although it has not reached pre-Covid-19 levels.
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