Steady price trend likely for palm oil

PETALING JAYA: Analysts, who are mostly neutral on the plantation sector, still expect the average crude palm oil (CPO) prices to hold steady between RM3,800 and RM4,000 per tonne in 2024-2025.

This was despite the newly released Malaysian Palm Oil Board (MPOB) August palm oil stockpile of 1.88 million tonnes, hitting a six-month high since February due to seasonally higher production and lower exports