PETALING JAYA: The crude palm oil (CPO) price rally will likely peak in the first quarter of 2022 due to a potential recovery in supply and Indonesia, which is expected to lift its export restrictions post-Lebaran festival.
According to Maybank Investment Bank (Maybank IB) Research, the confluence of factors that formed the perfect storm to lift the CPO futures price to a record of RM8,163 per tonne early this month, will soon pass.
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