CPO prices set to recover

Speaking at a webinar organised by UOB Kay Hian (UOBKH) Research, Thomas Mielke who is ISTA Mielke GmbH (Oil World) executive director, said he expects CPO prices to recover and “the recent 30% correction in palm oil prices is not justifiable given the tight supply.”

KUALA LUMPUR: Despite the sharp decline in crude palm oil (CPO) prices over the past three weeks, international palm oil expert Thomas Mielke foresees palm oil prices to rebound in the near term.

Speaking at a webinar organised by UOB Kay Hian (UOBKH) Research, Mielke who is ISTA Mielke GmbH (Oil World) executive director, said he expects CPO prices to recover and “the recent 30% correction in palm oil prices is not justifiable given the tight supply.”