Are days of ‘super-high’ CPO prices gone?

Recession fears, Indonesian supply weigh on sector

PETALING JAYA: Commodity prices that stoked inflation are falling fast and this includes crude palm oil (CPO), which saw prices tumble by almost a quarter in less than a month.

On June 22, Malaysia’s daily average CPO price fell to the lowest level this year at RM5,046 per tonne, about RM3,000 lower than the record-high price seen on March 2.