CPO price uptrend intact

“The fastest increase is to reach RM9,300 in the third quarter, otherwise it can continue until the end of the year,” she told reporters after officiating at the groundbreaking ceremony for the Crepe Rubber Processing Centre and Rubber Industry Transformation Project or TARGET yesterday.

PETALING JAYA: The price of crude palm oil (CPO) is expected to continue to rise at least until the third quarter of this year and is projected to reach RM9,300 a tonne.

Plantation Industries and Commodities Minister Datuk Zuraida Kamaruddin said the figure was achievable based on the development of CPO futures contract trading on Bursa Malaysia Derivatives, Bernama reported.