Palm oil prices may rise above RM4,300 in 2024 on supply, output woes -MPOC


KUALA LUMPUR: Malaysia's crude palm oil prices will trade at RM3,700-RM4,200 a metric ton in the second half of 2023, and will remain supported in the long term, state agency Malaysian Palm Oil Council (MPOC) said on Tuesday.

Heading into 2024, there is a strong possibility that prices may rise above RM4,300 a metric ton, MPOC deputy director Mohd Izham Hassan said in a webinar.

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CPO , crude palm oil , MPOC

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