CPO prices to stay high in first quarter

CGS-CIMB Research has projected that spot CPO prices would range between RM4,500 and RM5,500 per tonne this month.

PETALING JAYA: Tight supply is expected to sustain crude palm oil (CPO) prices at current elevated levels in the early part of this year.

It is noted that the present heavier-than-usual rainfall in some of the palm oil regions and unresolved labour shortage at various plantations will continue to weigh on production.