High prices for CPO to continue

Bursa Malaysia CEO Muhamad Umar Swift said: "“With Sabah and Sarawak accounting for nearly half of the country’s CPO production, we identified a need to provide a hedging mechanism that caters to the East Malaysian palm oil players.”

KUALA LUMPUR: Crude palm oil (CPO) is expected to range between RM3,500 and RM3,800 per tonne for 2022.

According to UOB Kay Hian Securities Asean plantation research director Leow Huey Chuen, the elevated high prices for CPO will continue to stay at least into the first quarter, or early second quarter of 2022.