KUALA LUMPUR: Malaysia’s crude palm oil (CPO) export is expected to improve by 12.5% this year to 4.5 million tonnes from an estimated 3.67 million tonnes in 2020, according to the Malaysian Palm Oil Council (MPOC).
Chief executive officer Datuk Dr Kalyana Sundram said CPO prices are set to stay above the RM3,000 per tonne level amid concerns of supply limitations due to the monsoon season.“We forecast the CPO average price to be at RM3,650 per tonne for the first quarter of 2021, ranging from a low of RM3,500 per tonne and a high of RM3,850 per tonne, ” he said during the virtual Malaysian Palm Oil Trade Fair and Seminar (POTS Digital 2021) yesterday.
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