More downward pressure on CPO prices

The Indonesian government had recently announced that it would raise the price cap for bulk cooking oil to 14,000 rupiah (RM4.11) per litre, from 11,500 rupiah (RM3.38) per litre previously, and provide subsidies, according to CGS-CIMB Research.

KUALA LUMPUR: A change of government policy in Indonesia may put further downward pressure on crude palm oil (CPO) prices.

The Indonesian government had recently announced that it would raise the price cap for bulk cooking oil to 14,000 rupiah (RM4.11) per litre, from 11,500 rupiah (RM3.38) per litre previously, and provide subsidies, according to CGS-CIMB Research.