KUALA LUMPUR: Although crude palm oil (CPO) price is at its highest in more than a decade, palm oil industry players should gear up for another uncertain year possibly leading to heightened price volatility on the back of weather conditions, economic recovery and policy changes in the west.
In view of the fluctuating commodity prices, Bursa Malaysia Bhd chief executive officer Datuk Muhamad Umar Swift (pic) said it was crucial for companies to adopt a more robust price risk management tool in keeping their businesses competitive in a highly volatile environment.