Commodities

CPO prices set to recover

By ELIM POON
CIMB Investment Bank's Ng said El Nino remains to be a key wild card for CPO price in 2024 and its impact on palm oil yield will only come through in 10 to 12 months.

KUALA LUMPUR: Palm oil industry experts remain optimistic for a recovery in crude palm oil (CPO) prices, which are expected to surpass the RM4,000 per tonne mark in 2024.

This was despite the commodity’s downward price trend during most part of 2023.

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palmoil , CPO , palmindustry , ElNino , biodiesel , crudeoil , sunfloweroil , Pipoc2023 , Malaysia , Indonesia , Ukraine , sunflowerseed , BlackSeaGrainInitiative , commodityprices

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