MPOB expects CPO to hover around RM4,000 a tonne

KUALA LUMPUR: There will be little change to Malaysia’s production of palm oil for this year as compared with 2022, with the price of crude palm oil hovering around RM4,000 per tonne, according to the Malaysian Palm Oil Board (MPOB).

"As we move towards year-end, we are still hoping that we can get more than what we achieved last year, which is 18.5 million tonnes,” MPOB director-general Datuk Ahmad Parveez Ghulam Kadir said.