CPO likely to stay above RM4,000 per tonne

PETALING JAYA: Analysts expect crude palm oil (CPO) to stay lofty above RM4,000 per tonne in the immediate term, but the current price may have peaked for this year.

On April 3, the benchmark CPO futures contract price hit a year-to-date high of RM4,579 per tonne, which reflected the near term tightness in palm oil inventory.