KUALA LUMPUR: The price of crude palm oil (CPO) will continue to trade above RM5,000 per tonne level for the first half of 2022 amid a shortage of edible oil supply - sunflower oil - due to the Russia-Ukraine war, Malaysian Palm Oil Board (MPOB) said.
Director-general Datuk Dr Ahmad Parveez Ghulam Kadir said as there is no clear prediction on how long the conflict will last, palm oil will continue to be in demand despite its current high price.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
