PETALING JAYA: International palm oil expert and trader Dorab Mistry expects the price of crude palm oil (CPO) to rebound quickly with an upside of RM200-RM250 per tonne after its recent sharp drop over the past few days.
Mistry, who is a director of Godrej International Ltd, pointed out that the commodity could even rise further by RM300-RM400 per tonne, mainly supported by higher soybean oil prices and the recovery in demand from India given the improvement in the Covid-19 situation there.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!