CPO prices to stay firm despite downward pressure

Kenanga Research said crude palm oil (CPO) prices are likely to stay healthy as price downside would be moderated by several factors. Firstly, international edible oils and fats situation is expected to remain tight until 2023

PETALING JAYA: Plantation companies should continue to enjoy strong prices in the second quarter but downward pressure on prices is anticipated as the sector enters a stronger supply season in the second half of the year, says Kenanga Research.

Nevertheless, the research firm said crude palm oil (CPO) prices are likely to stay healthy as price downside would be moderated by several factors.