In a filing with Bursa Malaysia, the group, which owns and operates 10,280ha of oil palm plantations in Sabah, based on its website, noted that since hitting a 13-year high of close to RM5,000 per tonne in May 2021, CPO prices had retracted since then but rebounded to the current level of above RM4,000 per tonne.
PETALING JAYA: Cepatwawasan Group Bhd expects crude palm oil (CPO) prices to hover above RM3,000 for the rest of 2021, and does not see its financial performance this year to be significantly affected by the Covid-19 pandemic.
In a filing with Bursa Malaysia, the group, which owns and operates 10,280ha of oil palm plantations in Sabah, based on its website, noted that since hitting a 13-year high of close to RM5,000 per tonne in May 2021, CPO prices had retracted since then but rebounded to the current level of above RM4,000 per tonne.
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