CPO prices set to pull back to RM3,800-RM4,000 per tonne in April - MPOC

KUALA LUMPUR: Crude palm oil (CPO) prices are anticipated to pull back to the RM3,800 to RM4,000 per tonne trading range in April 2024 from the current level of RM4,250 per tonne, said the Malaysian Palm Oil Council (MPOC).

This is due to the ample supply of soya beans from South America entering the global market from April onwards, as well as the gradual seasonal recovery of palm oil production in Malaysia, it said.