Moody’s revises CPO price range

KUALA LUMPUR: Moody’s Investors Service has raised its price sensitivity range for crude palm oil (CPO) to between RM2,800 and RM3,200 per tonne from between RM2,200 and RM2,600 per tonne through 2022.

Vice-president and senior analyst Maisam Hasnain said the revision was made on the back of supply disruptions, low inventory levels and strong prices of competing oils.