PETALING JAYA: Plantation giant SD Guthrie Bhd
believes crude palm oil (CPO) prices will be supported in the coming weeks by expectations of tighter supply, as the industry enters a seasonally low output cycle.
Despite palm oil’s narrowing price competitiveness against other vegetable oils, the group said demand is expected to remain resilient, especially as Indonesia reaffirmed plans to launch its B50 biodiesel mandate.
