SD Guthrie expects CPO prices to remain firm this year

Tan Sri Dr Nik Norzrul Thani Nik Hassan Thani.

KUALA LUMPUR: SD Guthrie Bhd, formerly known as Sime Darby Plantation Bhd, expects crude palm oil (CPO) prices to remain firm until the end of the year, in line with a global economic recovery.

The group said expectations of sustained CPO demand is also anticipated to lend support to prices as it remains competitive compared to other vegetable oils.