PETALING JAYA: The price of crude palm oil (CPO) is likely to remain firm as the local estates enter into the low-production season amid strong demand due to the upcoming Christmas and Chinese New Year festivities, says CGS-CIMB Research.
In November, local CPO prices gained 11% month-on-month (m-o-m) to RM4,087 per tonne due to recovering demand and concerns over a supply shortfall due to weather issues.
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