KUALA LUMPUR: MKH Oil Palm (East Kalimantan) Bhd’s (MKHOP) prospects for the rest of the financial year remain positive as crude palm oil (CPO) prices are expected to remain well-supported, according to non-independent non-executive chairman Tan Sri Chen Kooi Chiew @ Cheng Ngi Chong.
He said this is due to the anticipated El Niño dry weather effect, potentially lasting until May 2024, which could lead to a tighter global CPO supply.
