PETALING JAYA: Analysts are pegging crude palm oil (CPO) prices to stay firm between RM3,800 and RM4,000 per tonne in 2024 to 2025, which should augur well for both pure and integrated plantation companies moving forward.
Despite a surprise decline in the latest July palm oil stocks to 1.73 million tonnes, some analysts predicted inventory levels could potentially increase crossing the two-million tonne mark by November-December this year given the brewing La Nina wet weather phenomenon.
