FGV expects the price of CPO to remain vibrant

According to its new group chief executive officer Mohd Nazrul Izam Mansor, (pic) the price of CPO is expected to be traded between RM4,100 and RM4,400 per tonne range from July to September.

PETALING JAYA: FGV Holdings Bhd expects the price of crude palm oil (CPO) to stay high at least until the first quarter of 2022, due to the tight supply in the oils and fats market globally.

According to its new group chief executive officer Mohd Nazrul Izam Mansor, (pic) the price of CPO is expected to be traded between RM4,100 and RM4,400 per tonne range from July to September.