PETALING JAYA: The price of crude palm oil (CPO) is likely to stay high through the first quarter of 2025 (1Q25), driven by seasonally weak production, increased biodiesel mandates in Indonesia, and higher restocking activity ahead of Ramadan.
According to Hong Leong Investment Bank Research (HLIB Research), CPO prices are expected to remain between RM4,500 and RM5,000 per tonne for the first three months of 2025 before retreating thereafter.
