KUALA LUMPUR: Palm oil industry expert Dorab Mistry expects the price of crude palm oil (CPO) to ease towards end of the year due to high supplies of vegetable oil.
UOB Kay Hian (UOBKH) Research, in its latest report, quoted Mistry as saying that CPO prices are expected to weaken to RM4,000 per tonne in the fourth quarter of 2022, due to good production in Indonesia, anticipation of the Russia-Ukraine war easing and demand destruction for palm oil.
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