PETALING JAYA: Palm oil industry experts believe the industry and edible oils market fundamentals support prices of crude palm oil (CPO) to remain above the RM3.800-a-tonne level in the first half of the year (1H24) and moderate in 2H24.
The key catalyst to look out for the trajectory in the price trend will include the weather impact on the US edible oil-related crops, particularly if a La Nina emerges and changes in global biofuel policies.
