High palm oil stocks to pile pressure on prices

RHB Research has maintained its CPO price assumption at RM3,900 per tonne for 2023 and 2024.

PETALING JAYA: A continued peak production season may result in the local palm oil stocks staying high, thus putting pressure on the crude palm oil (CPO) price performance, say analysts.

Brokerage houses, which are mostly “neutral” on the plantation sector, have pegged the CPO prices to trade between RM3,700 and RM4,000 per tonne for 2023 to 2024.

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PalmOil , CPO , Malaysia , Stockpile , Production , Demand , PricePerformance , PlantationSector , ElNino , Haze

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