CPO prices to remain elevated in near term

While HLIB Researcht makes no changes to its CPO price projections for now, given the fluid situation, it believes that the commodity prices will likely surpass its 2022 to 2024 projections of RM4,300, RM3,300, RM3,300 per tonne respectively.

PETALING JAYA: Crude palm oil (CPO) prices will likely remain elevated for a while, possibly into the end of the first half of 2022, if not longer, according to Hong Leong Investment Bank (HLIB) Research.

WhileHLIB Researcht makes no changes to its CPO price projections for now, given the fluid situation, it believes that the commodity prices will likely surpass its 2022 to 2024 projections of RM4,300, RM3,300, RM3,300 per tonne respectively.