A rising tide lifts all boats

After peaking on Nov 3, 2021, at RM5,071 per tonne, the benchmark third-month CPO contract fell to a low of RM4,295 on Dec 20, 2021, and closed the year 2021 at RM4,697 per tonne. Still, it was a good rally for CPO as price jumped more than 30% last year.

THE recent rally on crude palm oil (CPO) has been spectacular, to say the least.

After peaking on Nov 3, 2021, at RM5,071 per tonne, the benchmark third-month CPO contract fell to a low of RM4,295 on Dec 20, 2021, and closed the year 2021 at RM4,697 per tonne.