IOI Corp expects CPO prices to remain firm

PETALING JAYA: IOI Corp Bhd is expecting firm crude palm oil (CPO) prices for its next two financial quarters ending March 31, 2023.

In a filing with Bursa Malaysia, the group noted CPO price had declined to a low of RM3,300 per tonne level in September, before rebounding to the RM4,000 level since end-October.