CPO likely to hit above RM4,200 per tonne soon

PETALING JAYA: Crude palm oil (CPO) stockpiles will likely fall below two million tonnes by the end of this month, potentially pushing the commodity’s prices higher in the near term.

Maybank Investment Bank (Maybank IB) Research projected that CPO prices would briefly rise above RM4,200 per tonne within this month and March before settling at lower levels in the second half (2H) of this year.