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Commodities

CPO price forecast to hit RM4,000 this year

PETALING JAYA: The price of crude palm oil (CPO) is expected to average RM4,000 per tonne this year, before easing to RM3,800 per tonne in 2025.

The projection by Hong Leong Investment Bank Research (HLIB Research) is premised on the El Nino weather phenomenon’s impact on palm production and prices rising around mid-2024.

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CPO , PalmOil , ElNino , PriceForecast , PlantationSector , FertiliserPrices , DownstreamMarket , FinancialPerformance , FFB

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