KUALA LUMPUR: Crude palm oil (CPO) prices are expected to be stable at above RM4,000 per tonne for the third quarter of 2021 before weakening in the fourth quarter due to the expected recovery in production.
According to Malaysian Palm Oil Board director general Dr Ahmad Parveez Ghulam Kadir, improvements in production and exports are expected to sustain in the following year, supported by positive developments in the COVID-19 situation, better prospects for global oils and fats, as well as favourable trade policies in competing and importing countries.